With stable iron ore prices in the Chinese spot market, coupled with roughly stable ocean freight rates, iron ore prices in Brazil remain the same as last week.
Sinter feed fines of 65 percent iron contents remain traded for export from Brazil at $52/mt, the equivalent lumps $73/mt and blast furnace grade pellets at $114/mt, FOB conditions.
In the Brazilian domestic market, for equivalent ores, the prices remain $46/mt for sinter feed fines, $67/mt for lumps and $108/mt for blast furnace grade pellets, ex-works, no taxes included.
In November, Brazil exported 30.74 million mt of iron ore (pellets excluded), destined chiefly to Asia (24.60 million mt, of which 19.49 million mt to China), followed by Europe (4.35 million mt), and the Middle East (1.38 million mt). Pellet exports reached 3.20 million mt in November, destined to Asia (1.15 million mt), Europe (625,000 mt), Africa (514,000 mt), the US (377,000 mt) and South America (268,000 mt).