The price of the Brazilian high-grade iron ore, 65 percent iron contents, is $110/mt today, stable from 11 April, CFR China.
The price reached $112/mt during the week, before declining to the current level, the same as during the first week of 2025.
Sources indicate that the demand for iron ore in China is influenced by the US-China commercial disputes. However, the global iron ore supply and demand balance suggests a potential upward trend in iron ore prices.
The export price of blast furnace grade pellets is now $123/mt CFR China, also stable, 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 now 7.2 percent, against 7.1 percent previously, reflecting the 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 also stable from last week, $85/mt for the iron ore and $98/mt for the pellets, ex-works, no taxes included.