Peruvian iron ore export prices declined 9.5 percent in July, year-on-year, according to data released on Friday by the nation’s central bank, BCRP.
According to government data, Peruvian iron ore export prices reached $26.7/mt in July, down from $29.5/mt in the same month of the year prior, but 17.6 percent up, month-on-month, from $22.7/mt in June.
Peruvian iron ore export prices were on an increasing trend from January to April this year, rising month after month to reach the year’s peak in April at $34.6/mt.
Then, in May, the commodity’s export price fell to $30.2/mt and to $22.7/mt in June. July’s figure indicates a retake in the commodity’s export prices.
BCRP said Peruvian iron ore exports volumes totaled 1.3 million mt in July, the year’s second highest volume after April, up from 700,000 mt in June and from 1 million mt in July 2015.