Venezuelan hot-briquetted iron export activity slowed down in the first week of March and no cargoes are currently available for traders, according to industry sources and port agency data.<\/p>\n
No new vessel visited the Venezuelan port of Palua in the first week of March. The St Andrew is expected to berth at Palua during the weekend, to load direct-reduced iron from steelmaker Sidor.<\/p>\n
The only vessel that left Venezuela in March was the Bulk Trident, which berthed in the Orinoco on February 19 and left on March 1 for Barranquilla, Colombia. The volume of HBI was 31,824 mt.<\/p>\n
No vessels are expected to reach the country next week, and no HBI cargoes have been made available from Venezuelan producers, sources said.<\/p>\n
During February, a total of six vessels entered the Orinoco region. Two of these went to Mexico, one headed to Colombia, one to the US, one to Italy and one to Spain.<\/p>\n
The draft of the Orinoco River, 7-10 meters, hampers loading and affects freight costs, as vessels cannot load full cargoes.<\/p>\n
The S&P Global Platts monthly Venezuelan HBI export price assessment increased $10 to $250\/mt FOB for early March bookings, based on a $240-$260\/mt range of bids, offers and deals.<\/p>\n","protected":false},"excerpt":{"rendered":"
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