Reflecting increased iron ore prices in the Chinese spot market, coupled with stable ocean freight rates, iron ore prices in Brazil increased in average by $5/mt on weekly basis, returning to levels last seen in mid-September.
Sinter feed fines of 65 percent iron contents are now traded for export at $61/mt, lumps at $75/mt and blast furnace grade pellets at $107/mt, FOB conditions.
In the Brazilian domestic market, the prices are $55/mt for sinter feed fines, $69/mt for lumps and $101/mt for blast furnace grade pellets, ex-works, no taxes included.
Preliminary figures from the Brazilian customs authorities point to a small reduction of the volume of combined iron ore and pellets exported in November, in relation to the 35.2 million mt exported in October.