Vale to expand Brazilian blend fines blending facilities in China
Dalian, China (Platts)--22 Sep 2016 433 am EDT/833 GMT
Brazilian iron ore miner Vale, the world's largest iron ore miner, plans to expand blending facilities for Brazilian Blend iron ore fines to eastern China's Rizhao and Shulanghu ports, and southern China's Beilun and Zhanjiang ports, and allow trades in yuan terms at the ports, the company's executive manager for shipping and iron ore marketing Luiz Meriz said in a conference at Dalian Thursday.
"Our distribution centers in China are blending the Brazil blend with quality and stability, allowing quick delivery time, flexible lot sizes, and offering different options of logistics -- trucks, vessels or trains," he said.
He added that port sales also gave customers flexibility to take the material "just-in-time" from quayside.
A Vale term customer in central China said that Brazilian Blend fines had lower impurities like alumina and silica and were becoming increasingly popular among mills facing increasing environmental scrutiny. "When it comes to constituents in the grade and impurity content, Brazilian blend fines are found to be at par with Australian mainstream blends like the Pilbara Blend," the customer said.
Vale to expand Brazilian blend fines blending facilities in...
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