Nov exports IO from Brazil well down YOY. Only hit 27m compared to 34mt last year. That’s nearly 20% down...As said on IO health chart thread, Brazil IO shipments have stagnated in the last three months after showing signs of recovery mid year.
https://www.nasdaq.com/articles/chi...-vale-lowers-q1-production-outlook-2019-12-03
* Iron ore exports by Brazil, China's main source of high-grade material, reached 27.25 million tonnes in November, down from 33.35 million tonnes in October.
Iron ore price, page-17855
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