Peruvian iron ore export prices in February declined 30.6 percent, year-on-year, according to information released by the nation’s central bank, BCRP.
According to BCRP, export prices for the commodity in February declined to $22.5/mt from $32.4/mt in the same month of the year prior. On a month-on-month basis, iron ore export prices recovered from $19.8/mt in January.
Average export prices for the January-February period was $20.8/mt, down from $35.1/mt in the year prior.
Iron ore export volumes in February reached 700,000 mt, down from 1.2 million mt in January and from 1.1 million mt in February 2015. As for the accumulated period of January to February, the commodity’s export volumes declined to 1.9 million mt from 2.2 million mt in the same period of 2015.