Reflecting a rebound in prices for sinter feed fines in the Chinese spot market, coupled with stable premium for lumps and pellets, iron ore prices in Brazil have increased by $1/mt in average on weekly basis.
Sinter feed fines prices of 65 percent iron contents are now negotiated at $92/mt, equivalent lumps at $105/mt and equivalent blast furnace grade pellets at $128/mt, all CFR China conditions, dry basis.
In the Brazilian domestic market, for wet basis, such prices are estimated respectively at $57/mt, $69/mt and 92/mt, ex-works, no taxes included.
In October, Brazil exported 28.40 million mt of iron ore and 2.77 million mt of pellets. Preliminary indications from the local customs authority are pointing to a sharp decline in November of combined iron ore and pellet exports compared to October.
