Sao Paolo: The massive reduction in Chinese imports of Brazilian iron ore means that delays at Brazil's main iron ore terminals seem to have been consigned to the dustbin of history, at least for the time being, with a maximum of just two to three for the entire country.
Reflecting the tail-off in exports to China from Brazil's leading iron exporter Vale, the three terminals in Sepetiba (in the state of Rio de Janeiro) are currently experiencing delays of only 1-2 days, while Ponta da Madeira, one of the main iron ore loading ports for Vale, has delays of 0-1 day at its three terminals (PDM 1, and PDM 3 north, and PDM 3 south).
Compare this with the delays at the PDM trio of terminals on February 27, of 4-6, 2-3 and 2-3 days respectively, and of 4-5, 8-9, and 10-12 as recently as February 4. [30/04/09]
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