Peruvian iron ore export prices in July dropped 13.5 percent, year-on-year, according to data released by the nation’s central bank, Banco Central de la Republica Peruana (BCRP).
According to government data, Peruvian iron ore export prices in July this year declined to FOB $33.2/mt, from FOB $39/mt in July 2017. Peruvian iron ore export prices in July this year rose 2.4 percent, month-on-month, from FOB $32.4/mt in June.
Peruvian iron ore export prices started to rebound in May this year, after a decline to FOB $26.4/mt in April this year from FOB $31.9/mt in March. Then, prices rose to FOB $32.2/mt in May, FOB $32.4/mt in June and FOB $33.2/mt in July this year.
BCR said Peruvian iron ore export volumes in July this year were 1.2 million mt, up from 800,000 mt in July 2017, and from 1 million mt in June this year.