Brazilian iron ore prices show small increase week-on-week

Tuesday, 07 April 2020 22:28:11 (GMT+3)   |   Sao Paulo
       

With slightly increased iron ore prices in the Chinese spot market, coupled with stable premium for pellets and lumps and stable ocean freight rates, prices for Brazilian iron ore products have increased on average by $1/mt on a weekly basis.

Sinter feed fines of 65 percent iron contents are now negotiated at $99/mt, equivalent lumps at $118/mt and equivalent blast furnace grade pellets at $128/mt, against respectively $98/mt, $117/mt and $127/mt last week, all CFR China conditions, dry basis.

In the Brazilian domestic market, such prices are now, respectively, $73/mt, $92/mt and $102/mt, comparable with $72/mt, $91/mt and $101/mt last week, ex-works conditions, wet basis, no taxes included.

In March, Brazil exported 19.84 million mt of iron ore (pellets excluded) and 1.87 million mt of pellets, against respectively 21.05 million mt and 941,100 mt in February. Asian countries were the most important destination for the iron ore (16,20 million mt, of which 13.48 million mt to China), followed by the EU (1.85 million mt) and Bahrain (1.03 million mt).

For pellets, the main destinations were also Asian countries (934,200 mt, of which 500,000 mt to China), Egypt (443,100 mt), the US (183,100 mt) and Argentina (180,500 mt).


Similar articles

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News