With an increase of iron ore quotations in the Chinese spot market, coupled with a small reduction in ocean freight rates, FOB prices for Brazilian iron ore exports have increased on average by $3/mt on a weekly basis.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $71/mt, lumps at $86/mt and blast furnace grade pellets at $115/mt, FOB conditions.
In the Brazilian domestic market, the prices are now $65/mt for sinter feed fines, $80/mt for lumps and $109/mt for blast furnace grade pellets, ex-works, no taxes included.
Brazilian exports of iron ore (pellets excluded) in July declined from June by 6.5 percent to 29.006 million mt, while the export of pellets declined by 16.8 percent to 2.302 million mt.
