| According to the data released by the Ministry of economic affairs of Brazil on July 27 local time, 27 million tons of iron ore were exported and 1.5 million tons of iron ore were exported in the first four weeks of July as of July 26, Brazil time. According to the Brazilian calendar, there are 23 working days in July, followed by 5 working days. Brazil's iron ore export volume in June was 30.048 million tons, and the average daily export volume was 1.43 million tons.
Vale, Brazil's largest iron ore producer, recently released the second quarter production and sales notice data, which showed that Vale's iron ore output in the second quarter was 67.6 million tons, 13.4% higher than that of the same period and 5.5% higher than that of the same period; the sales volume was 54.6 million tons, 5.7% longer than that of the same period, and 11.8% shorter than that of the same period.
According to vale, the monthly output in June exceeded 25 million tons, a strong increase over April and may, and maintained the current output of 310-330 million tons of fine ore in 2020. At the same time, Vale will reduce the current pelletizing output in 2020 from 35 million to 40 million tons to 30 million to 35 million tons, which is shortened due to the market demand for pellets.
In the first half of this year, Vale's fine ore production was 127 million tons, a year-on-year decrease of 7%, about 10 million tons; the total sales volume of fines and pellets was 121 million tons, a year-on-year decrease of 13%, about 17 million tons.
According to this calculation, the output of fine ore in the second half of the year will reach 183-203 million tons, an increase of 18-38 million tons compared with 165 million tons in the second half of previous years, with an increase rate of 11% - 23%. (source: Steel Affairs)