Brazilian high-grade iron ore price increases during the week

Friday, 31 March 2023 20:54:14 (GMT+3)   |   Sao Paulo
       

The price of Brazilian high-grade iron ore, 65 percent iron contents, is $142/mt today, against $137/mt on March 27, CFR China conditions.

Despite the increase, the price of the high-grade ore remains showing a varying pattern, alternating positive expectations, such as increasing steel production and reduction of iron ore inventories in China, and negative expectations, such as the pressure of Chinese authorities over iron ore prices and reduction of steel production due to environmental concerns.  

The Brazilian high-grade product has now a premium of 6.3 percent in relation to the 62 percent Australian iron ore, against 7.7 percent previously, still confirming the strong demand for high-grade products.

The export price of blast furnace grade pellets is now $161/mt, CFR China, against $156/mt previously, reflecting a slightly reduced premium ascribed to the product in relation to the equivalent sinter feed fines.

In the Brazilian domestic market, the prices are now estimated at $119/mt for the iron ore and $138/mt for the pellets, against respectively $113/mt and $132/mt previously, ex-works, no taxes included.


Similar articles

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials