The price of the Brazilian high-grade iron ore, 65 percent iron contents, is $103/mt today, roughly stable from September 10, CFR China.
Despite the $2/mt decline, compared to the last quotation before the holidays period in China, the price is stable from September 10, still reflecting the oscillations derived from uncertainties about the domestic demand in China for steel products, coupled with a higher volume of iron ore in the seaborne market.
The export price of blast furnace grade pellets is also stable at $120/mt, CFR China, reflecting the same 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, is 9.0 percent against 9.4 percent previously, still reflecting the increased interest, at such price level 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 also stable at $72/mt for the iron ore and $89/mt for the pellets, ex-works, no taxes included.
Preliminary numbers are pointing to combined iron ore and pellets exports from Brazil in September exceeding the 34.31 million mt exported in August.