With declining iron ore prices in the Chinese spot market, coupled with stable ocean freight rates, Brazilian iron ore prices decreased by an average of $2/mt FOB on a weekly basis.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $60/mt, the equivalent lumps at $72/mt and blast furnace grade pellets at $118/mt, FOB conditions.
In the Brazilian domestic market, the prices are now $54/mt for sinter feed fines, $66/mt for lumps and $112/mt for blast furnace grade pellets, ex-works, no taxes included.
According to the Brazilian customs authorities, the country’s combined exports of iron ore and pellets have reached in March 30.0 million mt, against 23.8 million mt in February.