With iron ore prices roughly stable in the Chinese spot market, coupled with stable ocean freight rates, iron ore prices in Brazil are in average the same as last week.
Sinter feed fines of 65 percent iron contents are traded for export from Brazil at $56/mt, the equivalent lumps $80/mt and blast furnace grade pellets at $118/mt, FOB conditions.
In the Brazilian domestic market, for equivalent ores, the prices are $50/mt for sinter feed fines, $74/mt for lumps and $112/mt for blast furnace grade pellets, ex-works, no taxes included.
According to the Brazilian customs authorities, Brazil exported a combined iron ore and pellet volume of 33.2 million mt in December, against 34.0 million mt in November.