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- Another week of strong nominations, with 780kmt of raws added to CS lineup.
- Still, despite the high volume, waiting time to berth remains low.
- October nominations now stands at 3.5mmt.
CS Brazil Exports
- The strong pace of nominations continues, with 780kmt this week.
- The volume added takes October nominations up to 3.5mmt.
- So far, 1.55mmt have sailed and given the average pace of operations we believe it is unlikely to see the full volume exported this month.
- Depending on how weather behaves in the next days, as much as 0.5mmt could roll into November.
- Despite the huge volume nominated, the wating time remains low.
- Terminals at Santos are with 5 days of wating time – which is the normal average.
- The slowdown of grains exports has opened more room for sugar, helping to keep a good pace for the sweetener exports.
Destinations
- Out of the new nominations this week, 92kmt are for Algeria – October offtake so far totals 0.14mmt.
- Further 84kmt nominated for Malaysia this week.
- And 73kmt for Saudi Arabia.
- For more details on Brazilian exports, have a look at our interactive data:Global Shipments.
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