With stable iron ore prices in the Chinese spot market, coupled with stable ocean freight rates, iron ore prices in Brazil are the same as last week, except for lumps, which faced a reduction of the premium over the equivalent sinter feed fines.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $62/mt, the equivalent lumps $79/mt (from $83/mt last week) and blast furnace grade pellets at $120/mt, FOB conditions.
In the Brazilian domestic market, for equivalent ores, the prices are $56/mt for sinter feed fines, $73/mt for lumps (from $77/mt last week) and $114/mt for blast furnace grade pellets, ex-works, no taxes included.