Reflecting another decrease of iron ore prices in the Chinese spot market, coupled with higher ocean freight rates that negatively affect FOB prices, Brazilian iron ore prices have declined on average by $5/mt on a weekly basis, returning to levels seen in mid-July.
Sinter feed fines of 65 percent iron contents are now traded for export from Brazil at $59/mt, lumps at $87/mt and blast furnace grade pellets at $103/mt, FOB conditions.
In the Brazilian domestic market, the prices are now $53/mt for sinter feed fines, $81/mt for lumps and $97/mt for blast furnace grade pellets, ex-works, no taxes included.
Preliminary indications by Brazilian customs authorities point to a small reduction in September from the 34.100 million mt of combined iron ore and pellets exported by the country in August.
