In light of a stable premium for pellets and lumps, stable ocean freight rates, and a decline in iron ore prices in the Chinese spot market, prices for Brazilian sinter feed fines of 65 percent iron contents have reduced from last week by $3/mt to $130/mt, CFR China conditions, dry basis.
Following a similar path, the reference price for equivalent lumps is now $137/mt and for blast furnace grade pellets is $155/mt, under the same conditions, against respectively $140/mt and $158/mt last week.
Preliminary figures from customs are pointing to combined iron ore and pellets exports from Brazil of 30.8 million mt in October, against 37.85 million in September.