With declining iron ore prices in the Chinese spot market, coupled with stable lumps and pellet premiums, Brazilian iron ore prices have declined in average by $6/mt from last week.
Sinter feed fines of 65 percent iron contents are estimated to be traded for export from Brazil at $93/mt, the equivalent lumps at $102/mt and blast furnace grade pellets at $133/mt, all CFR China, dry basis.
In the Brazilian domestic market, for wet basis (9 percent moisture), such prices are estimated respectively $54/mt, $63/mt and 94/mt, ex-works, no taxes included.
Preliminary indications from the local customs authorities point to an increase in October from the combined 27.14 million mt of iron ore and pellets exported in September.