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Brazilian iron ore export inreased in May

Brazilian iron ore export inreased in May
Issue Time:2017-06-14

Brazilian exported 32.693 million mt of iron ore (pellets excluded) in May, 48% more than that in April.

Asia was the target market. The price of the Brazilian iron ore remains in a downward trend, reflecting reduced prices in the Chinese spot market and slightly reduced ocean freight rates, In one week, prices have dropped in average by $3/mt, except for lumps, that were stable due to a higher premium in relation to equivalent fines.

In the Brazilian domestic market, the prices are now $35/mt for sinter feed fines, $44/mt for lumps and $80/mt for blast furnace grade pellet, ex-works, no taxes included.