July looks set to be best month for Brazilian iron ore exports since 2018

Data from the Federal Trade Secretariat (Secex) shows out that in July, Brazilian iron ore exports registered a daily volume slightly above that seen in the same period last year and may record the highest monthly level in almost two years if this pace is maintained.

Iron ore is one of the main items exported by Brazil and totaled 1.498 million tonnes per day until the fourth week of July, against 1.488 million in the same period the previous year.  This means total shipments of 26.98 million tonnes this month with 18 working days, against 34.22 million tonnes last July, in 23 working days.

If the current pace is maintained, this month exports would total 34.47 million tonnes, higher than the same month last year, the best month of that year, according to data from Secex. The volume would also be the largest since the 34.6 million tonnes exported in May 2018.

Source: Reuters

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