Slightly increased prices in the Chinese iron ore spot market, coupled with stable ocean freight rates, resulted in Brazilian iron ore prices increasing on average by $1/mt in the last two weeks.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $68/mt, the equivalent lumps at $79/mt, and blast furnace grade pellets at $113/mt, FOB conditions.
In the Brazilian domestic market, the prices are now $62/mt for sinter feed fines, $73/mt for lumps, and $107/mt for blast furnace grade pellets, ex-works, no taxes included.
Fresh data from the country’s customs authorities indicate that in December 2017 Brazil exported 32.800 million mt of iron ore (including pellets), 4.1 percent less than in November.