Peruvian iron ore export prices further declined in November, according to data released this week by the country’s central bank, BCRP.
According to government data, Peruvian iron ore export prices in November reached $34.3/mt, down from $38.3/mt in October 2017, and $41.4/mt in November 2016.
Despite the year-on-year and month-on-month decrease in prices, Peruvian iron ore export volumes in November rose to 1.2 million mt from 200,000 mt in October last year.
On a year-on-year analysis, November’s export volumes remained at a similar level when compared to the 1.1 million mt of iron ore exported in the same month of 2016.