A small reduction in iron ore prices the Chinese spot market, coupled with stable ocean freight rates, resulted Brazilian iron ore prices dropping by $1/mt from last week.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $66/mt, the equivalent lumps $88/mt and blast furnace grade pellets at $124/mt, FOB conditions.
In the Brazilian domestic market, for equivalent ores, the prices are now $60/mt for sinter feed fines, $82/mt for lumps and $118/mt for blast furnace grade pellets, ex-works, no taxes included.
According to the country’s customs authorities, the combined iron ore and pellets exports in September reached 33.9 million mt, against 35.6 million mt in August.