I suppose depending on the grade and consistency of the ore...

I suppose depending on the grade and consistency of the ore deposit prices would differ on this basis . Could be an interesting arm of Gulf though .


Notes: Brazil to Europe
Units: US Dollars per ton (dry metric ton).

(1) (2) (3)

fines lump ore pellets
contract
year _____________________________________________________________
1976 | 22.70 43.80 dollars per metric ton or tonne
1977 | 23.00 42.80
1978 | 21.50 36.40
1979 | 23.30 39.90
1980 | 28.10 47.00
1981 | 28.10 43.00
1982 | 32.50 47.50
1983 | 29.00 39.00
1984 | 26.10 36.00
1985 | 26.50 36.00
1986 | 26.20 36.60
1987 | 24.50 36.70
1988 | 23.50 40.30
1989 | 26.50 47.30
1990 | 30.80 51.60
1991 | 33.20 52.10
1992 | 31.60 48.40
1993 | 28.10 33.00 43.60
1994 | 24.40 30.40 43.60
1995 | 26.90 33.30 49.10
1996 | 28.50 35.20 52.40
1997 | 28.80 35.20 52.10
1998 | 29.60 36.20 53.50
1999 | 26.90 32.20 46.40
2000 | 27.60 33.90 49.20
2001 | 28.90 35.10 50.10
2002 | 28.60 34.30 47.30
2003 | 31.40 37.30 52.00
2004 | 37.30 44.40 61.80
2005 | 64.00 79.00 115.50
2006 | 76.20 94.00 112.00
2007 | 83.40 ' Based upon news of 2006 Dec 22 deal between Baosteel and CVRD for one year starting April 1, 2007.
2008 | 132.20