With an increase of iron ore prices in the Chinese spot market, coupled with slightly reduced ocean freight rates, export iron ore prices in Brazil has increased by an estimated $5/mt in one week.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $56/mt, lumps at $59/mt and blast furnace grade pellets at $101/mt, FOB conditions.
In the Brazilian domestic market, the prices are now $50/mt for sinter feed fines, $53/mt for lumps and $95/mt for blast furnace grade pellets, ex-works, no taxes included.
