The price of Brazilian high-grade iron ore, 65 percent iron contents, is $124/mt today, against $130/mt on July 26, CFR China conditions.
Remaining in a scenario of uncertainties, the price is now negatively affected by doubts among market players about the effectiveness of measures to be adopted by the Chinese authorities to stimulate the domestic economy, chiefly the civil construction sector.
The price was also negatively affected by indications of increased iron ore shipments by Fortescue, Rio Tinto, Vale and BHP.
The Brazilian high-grade product has now a premium of 7.1 percent in relation to the 62 percent Australian iron ore, against 6.0 percent previously, remaining in line with the historical average.
The export price of blast furnace grade pellets is now $141/mt, CFR China, against $147/mt previously, reflecting a stable premium ascribed to the product in relation to the equivalent sinter feed fines.
In the Brazilian domestic market, the prices are now estimated at $102/mt for the iron ore and $119/mt for the pellets, against $108/mt and $125/mt previously, ex-works, no taxes included.