With a combination of stable prices for iron ore in the Chinese spot market and the lumps and pellet premium, Brazilian export iron ore prices remained stable from last week.
Sinter feed fines of 65 percent iron contents are estimated to be traded for export from Brazil at $99/mt, the equivalent lumps at $108/mt and blast furnace grade pellets at $139/mt, all CFR China conditions.
In September, Brazil exported 25.39 million mt of iron ore (pellets excluded) and 1.75 million mt of pellets, comparable respectively with 25.80 million mt and 2.50 million mt in August.