The price of the Brazilian high-grade iron ore, 65 percent iron contents, is $121/mt today, against $117/mt on October 8, CFR China.
According to sources, the increase reflects the positive reaction of market players in relation to the announcement this weekend of new measures by Chinese authorities with incentives to the country’s economy.
The export price of blast furnace grade pellets is $138/mt against $134/mt previously, CFR China, reflecting the same premium ascribed to the product in relation to the equivalent sinter feed fines.
The premium of the Brazilian high-grade ore, in relation to the Australian 62 percent iron ore, when considering their iron units, is 8.5 percent against 8.2 percent previously, reflecting increased interest, at such price level, by the integrated steel producers for the higher productivity and lower emissions of the premium ores when processed in blast furnaces.
In the Brazilian domestic market, the reference prices are $91/mt for the iron ore and $108/mt for the pellets against $86/mt and $103/mt previously, ex-works, no taxes included.
In September, Brazil exported 34.467 million mt of iron ore (pellets excluded) and 2.402 million mt of pellets against 32.075 million mt and 2.239 million mt in August.
Preliminary numbers indicate lower volumes being exported in October compared to September.