Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2008 | Steel Raw Materials


Price appreciation remains slow: Iron Ore Analysis


The price of Indian fines delivered to China made another step up in the past week, rising to $72-73/tonne cfr for 63.

The price of Indian fines delivered to China made another step up in the past week, rising to $72-73/tonne cfr for 63.5% fines.  High port stocks and low demand from steelmakers are keeping the price appreciation at a slow rate.  Traders remain committed, however, in pushing the price higher with offers of $75/tonne cfr, but we are unconvinced that there will be any stability in pricing through the end of the year.Still, China is on...

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