The price of the Brazilian 65 percent iron contents is $129/mt, CFR China, against $125/mt one week ago and $120/mt the week before.
Blast furnace grade pellets are now exported at $147/mt, against $143/mt previously, showing a stable premium over same-grade sinter feed fines.
The premium for Brazilian high-grade ore containing 65 percent iron, relative to Australian ore with 62 percent iron, declined to 10.6 percent from the previous 11.4 percent, when considering the iron units, still reflecting a relative scarcity of the product.
During the first two weeks of March, the average daily volume of combined Brazilian iron ore and pellets exported was 860,000 mt in the first week and 746,000 mt in the second week. This is notably lower than the 2025 daily average of 1.140 million mt, suggesting the potential for increased scarcity and a rise in Brazilian special grade ore prices in the coming month.
In the Brazilian domestic market, reference prices are now $100/mt for the ore and $119/mt for pellets, against respectively $96/mt and $114/mt previously, ex-works, no taxes included.
