Peruvian iron ore exports increased more than three times in August compared to last year, according to data released this week by the nation’s central bank, BCRP.
Exports of iron ore in August reportedly rose to 1.1 million mt, from 300,000 mt last year and from 1 million mt in July.
Iron ore export prices declined 40.5 percent, year-on-year, to $30.70/mt, from $51.60/mt a year ago, but increased 4.06 percent, month-on-month, from $29.50/mt in July.
BCRP said exports in the accumulated period of January to August totaled 8.3 million mt, 7.7 percent up, year-on-year, while the average price for the commodity reached $32.20/mt, almost half the $63.30/mt average price seen in the same period of the year prior.