With stable prices in the Chinese spot market, coupled with unchanged ocean freight rates and premiums for lumps and pellets, Brazilian iron ore prices are the same from last week, after three consecutive weeks of increases.
Sinter feed fines prices of 65 percent iron contents remain negotiated at $100/mt, equivalent lumps at $114/mt and equivalent blast furnace grade pellets at $137/mt, all CFR China conditions, dry basis.
In the Brazilian domestic market, for wet basis, such prices remain estimated respectively at $66/mt, $80/mt and 102/mt, ex-works, no taxes included.
In November, Brazil exported a combined 27.25 million mt of iron ore and pellets, 18 percent less than in October.