A small decrease in iron ore prices in the Chinese spot market, combined with a small reduction in average ocean freight rates, resulted in stable FOB iron ore prices in Brazil this week.
The country’s sinter feed fines of 65 percent iron contents are still traded for export at $56/mt, lumps at $70/mt and blast furnace grade pellets at $102/mt, FOB conditions.
In the Brazilian domestic market, the prices are $50/mt for sinter feed fines, $64/mt for lumps and $96/mt for blast furnace grade pellets, ex-works, no taxes included.
Preliminary figures from the Brazilian customs authorities point to a stable volume of combined iron ore and pellets exported in November, in relation to the 35.2 million mt exported in October.