With higher prices for sinter feed fines in the Chinese spot market, coupled with stable ocean freight rates and a stable premium for lumps and pellets, prices for Brazilian iron ore products have increased in average by $4/mt on a weekly basis.
Sinter feed fines prices of 65 percent iron contents are now negotiated at $107/mt, equivalent lumps at $123/mt and equivalent blast furnace grade pellets at $145/mt, all CFR China conditions, dry basis.
In the Brazilian domestic market, for wet basis, such prices are now respectively $72/mt, $89/mt and $110/mt, ex-works, no taxes included.
In December, Brazil exported 22.50 million mt of iron ore (pellets excluded) and 2.12 million mt of pellets, comparable with 25.91 million mt and 1.34 million mt, respectively, in November.
