With a downturn in the prices of iron ore in the Chinese spot market, coupled with stable ocean freight rates, the price of iron ore in Brazil decreased by around $9/mt in one week.
Sinter feed fines of 65 percent iron contents are now traded for export at $48/mt, lumps at $51/mt and blast furnace grade pellets at $93/mt, all FOB conditions.
In the Brazilian domestic market, the prices are now $42/mt for sinter feed fines, $45/mt for lumps and $87/mt for blast furnace grade pellets, ex-works, no taxes included.