Reflecting another combination of reduced prices in the Chinese spot market and increased ocean freight rates, the price of iron ore in Brazil declined by an estimated $5/mt from last week as producers aim to stay competitive.
Sinter feed fines of 65 percent iron contents are now traded for export at $69/mt, lumps at $72/mt and blast furnace grade pellets at $114/mt, FOB conditions.
In the domestic market, the prices are now $63/mt for sinter feed fines, $66/mt for lumps and $108/mt for blast furnace grade pellets, ex-works, no taxes included.