Vale’s iron ore exports continue to recover
Posted on 09 September 2021
Brazil miner Vale’s iron ore exports rose both month-on-month and on-year in July. The miner also saw a recovery in pellet shipments during the month, Kallanish notes.
According to Sindicato Nacional da Indústria da Extração de Ferro e Metais Básicos (Sinferbase) data, Vale’s exports of iron ore in July were 24.47 million tonnes. This volume was 2.9% higher m-o-m and just 1.1% more y-o-y. Shipments abroad over January-July reached 150.0mt, up 8.1% compared to almost 138.7mt in the first seven months of last year.
Meanwhile, the miner exported 6.29mt of pellet in January-July. This was almost 2.72mt or 30.2% lower than in the corresponding period in 2020. In July alone, Vale’s pellet shipments were 1.25mt, an increase of 37.7% m-o-m but 441,000t less y-o-y, Sinferbase data show.
Brazil's domestic market took 2.71mt of iron ore and pellet in July, up by 15.7% over June and 58.5% higher on-year. Seven-month shipments to the local market were 17.48mt, up 39.3% y-o-y.
The Sinferbase monthly report covers exports from only two miners: Vale and Anglo American Brazil’s Minas-Rio unit.
According to figures, the UK-headquartered miner saw iron ore exports from the Portu do Aco terminal fall by 2.7% m-o-m to 2.05mt in July. This volume, however, was 174,000t more on-year. Anglo American shipments abroad over January-July reached 13.47mt, down 7.3% on-year.
Brazil’s overall iron ore exports fell 5.7% m-o-m and 6.7% y-o-y in July to 31.7mt but reached an 11-month high in August (see Kallanish passim).Source : Kallanish