The price of the Brazilian high-grade iron ore, 65 percent iron contents, is $116/mt today, stable from August 9, CFR China conditions.
The stability reflects a small increase from Monday to Tuesday, as the effective scenario is of uncertainties, in a consistent downtrend since July 21, when considering a seven-day moving average of the price.
Despite the uncertain numbers from the Chinese real state sector recently unveiled, iron ore traders maintain positive expectations in relation to more measures of support from the country’s authorities.
The Brazilian high-grade product has now a premium of 7.8 percent in relation to the 62 percent Australian iron ore, against 6.9 percent previously, in line with the historical average.
The export price of blast furnace grade pellets remains $134/mt, CFR China, the same as August 9, reflecting a stable premium ascribed to the product in relation to the equivalent sinter feed fines.
In the Brazilian domestic market, the prices are estimated at $94/mt for the iron ore and $111/mt for the pellets, stable from 09 August, ex-works, no taxes included.
In July, Brazil exported 29.78 million mt of iron ore and 2.27 million mt of pellets, against respectively 32.58 million mt and 1.84 million mt in June.