According to a survey released by the LCA consulting firm, the average price of international market for iron ore this year than last year fell 16 percent, down to about $ 140 per ton, less than $ 147 per ton two years ago, but more than 2009 per tonne $ 80 is still much higher.
The company's economists Virgin meson - 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 per ton in 2000 to $ 168 last year. 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. Brazilian iron ore exports to China last year grew 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 from the past average annual growth rate of 10-12% down to 7-8 percent this year, will naturally have the impact of iron ore demand and prices. Now, the international market is based on the iron content of 62% iron ore reference price. Brazilian iron ore iron content up to 65-66%, the market price a little 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 to 4 percent below last year's, but the growth rate.
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