Brazil's iron ore exports only dipped 0.69% year on year in July, a slower decline than a month earlier, showing signs of recovering since outbreak of COVID-19 pandemic, said Brazil Secex on August 3.
Last month, the country exported 33.99 million tonnes of iron ore, compared with 34.23 million tonnes a year earlier and increasing by 13% from 30.05 million tonnes in June.
Brazil's Vale once said it will maintain its 2020 guidance of iron ore production stable at 310-330 million tonnes, but it expects actual output to drop below the goal due to COVID-19 pandemic.
Data showed the average export price of Brazil's iron ore was $70.3/t FOB in July, down by 6.09% from $74.8/t a year ago but higher than $62.7/t in June.
In July, Brazil's iron ore export value came in at $2.39 billion, down 6.74% year on year.
(Writing by Tammy Yang Editing by Jessie Jia)
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