Reflecting reduced prices in the Chinese spot market and slightly increased ocean freight rates, the price of the Brazilian iron ore has decreased by an average of $2/mt since last week.
Sinter feed fines of 65 percent iron contents are now traded for export at $77/mt, lumps at $80/mt and blast furnace grade pellets at $122/mt, FOB conditions.
In the domestic market, the prices are now $70/mt for sinter feed fines, $74/mt for lumps and $116/mt for blast furnace grade pellets, ex-works, no taxes included.
In February, Brazilian exports of iron ore (pellets excluded) reached 26.598 million mt, 8 percent less than in January.
The main destinations were Asia (18.606 million mt, of which 13.264 million mt to China), the EU (2.819 million mt), the Middle East (1.494 million mt), and Latin America (357,000 mt).
Pellet exports from Brazil reached 2.213 million mt in February, a 4.9 percent decrease from January, destined to Asia (815,200 mt), the EU (707,100 mt), South America (235,200 mt) the US (185,800 mt), Trinidad and Tobago (161,400 mt) and Africa (99,000 mt).
Sinter feed fines of 65 percent iron contents are now traded for export at $77/mt, lumps at $80/mt and blast furnace grade pellets at $122/mt, FOB conditions.
In the domestic market, the prices are now $70/mt for sinter feed fines, $74/mt for lumps and $116/mt for blast furnace grade pellets, ex-works, no taxes included.
In February, Brazilian exports of iron ore (pellets excluded) reached 26.598 million mt, 8 percent less than in January.
The main destinations were Asia (18.606 million mt, of which 13.264 million mt to China), the EU (2.819 million mt), the Middle East (1.494 million mt), and Latin America (357,000 mt).
Pellet exports from Brazil reached 2.213 million mt in February, a 4.9 percent decrease from January, destined to Asia (815,200 mt), the EU (707,100 mt), South America (235,200 mt) the US (185,800 mt), Trinidad and Tobago (161,400 mt) and Africa (99,000 mt).