With the ups and downs of iron ore prices in the Chinese spot market, iron ore prices in Brazil resulted $5/mt higher from last week, benefited also from stable ocean freight rates.
Sinter feed fines of 65 percent iron contents are now traded for export at $61/mt, lumps at $66/mt and blast furnace grade pellets at $96/mt, FOB conditions.
In the domestic market, the prices are $57/mt for sinter feed fines, $63/mt for lumps and $92/mt for pellets, ex-works, no taxes included.
In world terms, the premium for blast furnace grade pellets over sinter feed fines remains at $35/mt, while for DRI grade pellets it remains at $45/mt.
In October, Brazilian exports of iron ore (pellets excluded) to China declined by 23 percent from September to 17.5 million mt, declining the country’s total export figures by 14 percent to 27.92 million mt.
The total Brazilian exports of pellets in October declined by 24 percent to 2.09 million mt.