LCA consulting firm survey released this year, the average price of international market, iron ore than the 2011 decline of 16%, down to $ 140 / ton, less than two years ago, $ 147 / ton, but more than 80 in 2009U.S. $ / ton is still much higher.
LCA consulting firm of economists Fronsac believes that the golden era of the international iron ore market has been in the past. International market price of iron ore rose from $ 33 / t in 2000 to 2011, $ 168 / t. Even encountered a storm in the collapse of Lehman Brothers Bank in 2008, iron ore prices that the market is still not affected.
International market, iron ore prices fall, has a direct relationship with China and the euro area economic trends. China is the world's largest importer of iron ore, also Brazil's biggest iron ore export market. 50% of the volume of exports of the Brazilian iron ore exports to the Chinese market, 19% of exports to European countries, 11 percent to Japan. In 2011, Brazil's iron ore exports to China increased by 7.8 percent, while exports to Europe and Japan fell by 20% and 8.6% respectively.
LCA consulting firm, believes that China's economy grew 10% to 12% from the past year to this year's 7 percent to 8 percent, will naturally have iron ore demand and price impact. Now, the international market is based on the iron content of 62% iron ore reference price. Brazilian iron ore iron content up to 65% to 66% of market price to be slightly higher.
Brazil is the world's second-largest iron ore exporter, its production is second only to Australia. However, in five of the world's largest iron ore producers, Brazil's CVRD has topped the list. Brazilian iron ore production this year is expected to grow by 2 percent, but the growth rate of less than 4% in 2011.
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