The price of the Brazilian high-grade iron ore, 65 percent iron contents, was $126/mt on July 2, against $123/mt on June 26, CFR China.
The higher in more than one month, the price has positively reacted to increased sales in the real estate market, thanks to measures adopted by the authorities to stimulate that market, while players maintain positive expectations in relation to the “Third Plenum”, to take place between July 15 and July 18, when monetary policies and financial reforms will be discussed, to foster the economic stability and sustainable growth in China.
The export price of blast furnace grade pellets was $138/mt on July 2, against $136/mt on June 26, CFR China, reflecting a stable premium ascribed to the product, in relation to the equivalent sinter feed fines.
The premium of the Brazilian high-grade ore, in relation to the Australian 62 percent iron ore, when considering their iron units, was 9.0 percent, against 9.6 percent previously, still reflecting the interest by the integrated steel producers for the higher productivity and lower emissions of the premium ores when processed in blast furnaces.
In the Brazilian domestic market, the prices are estimated at $95/mt for the iron ore and $108/mt for the pellets, against respectively $93/mt and $105/mt previously, ex-works, no taxes included.