Brazilian iron ore prices show diverging trends

Tuesday, 29 October 2019 20:58:55 (GMT+3)   |   Sao Paulo
       

The price of Brazilian sinter feed fines with 65 percent iron contents, along with equivalent lumps, have shown a small increase of $1/mt on a weekly basis in the Chinese spot market, while the premium for pellets was reduced over the period.

Sinter feed fines of 65 percent iron contents are estimated to be traded for export from Brazil at $94/mt, the equivalent lumps at $103/mt, and blast furnace grade pellets at $129/mt (down $4/mt), all CFR China conditions, dry basis.

In the Brazilian domestic market, for wet basis (9 percent moisture for sinter feed fines), such prices are estimated respectively at $55/mt, $64/mt and 90/mt, ex-works, no taxes included.


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