Reflecting a small increase of iron ore prices in the Chinese spot market, coupled with stable ocean freight rates, iron ore prices in Brazil have increased in average by $1/mt week-on-week, after four weeks of stability.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $62/mt, the equivalent lumps at $83/mt 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, $77/mt for lumps and $114/mt for blast furnace grade pellets, ex-works, no taxes included.
Preliminary indications from the Brazilian customs authorities point to a reduction, in July, from the 35.3 million mt of combined iron ore and pellets exported from the country in June.