Brazilian iron ore prices stable week-on-week

Wednesday, 04 November 2020 22:01:28 (GMT+3)   |   Sao Paulo
       

With stable premium for pellets and lumps, stable ocean freight rates and also stable iron ore prices in the Chinese spot market, prices for Brazilian sinter feed fines of 65 percent iron contents have not changed from last week’s level of $130/mt, CFR China conditions, dry basis.

Following the same trend, the reference price for equivalent lumps remains $137/mt and $155/mt for blast furnace grade pellets, under the same conditions.

In the Brazilian domestic market, the prices for such products are respectively $106/mt, $112/mt and $130/mt, ex works, no taxes included.

In October, Brazil exported a combined 31.19 million mt of iron ore and pellets, against 37.85 million mt in September.


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