Brazilian iron ore prices decrease week-on-week

Tuesday, 01 May 2018 20:45:37 (GMT+3)   |   Sao Paulo
       

With lower prices in the Chinese spot market, coupled with stable ocean freight rates, iron ore prices on an FOB basis decreased in Brazil by an average of $2/mt on a weekly basis.

Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $61/mt, the equivalent lumps at $72/mt and blast furnace grade pellets at $119/mt, FOB conditions.

In the Brazilian domestic market, the prices are now $55/mt for sinter feed fines, $66/mt for lumps and $113/mt for blast furnace grade pellets, ex-works, no taxes included.

Preliminary indications by the country’s customs authorities point to a 7 percent reduction in April from the 30 million mt of combined iron ore and pellets exported from Brazil in March. 


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