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

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October 2010 | Steel Raw Materials


Iron ore prices see slight uptick with pre-Chinese holiday buying: Iron ore highlights


Data has come to light this week indicating that Chinese government efforts to cool the rate of their economic growth to sustainable levels have not been as successful as they anticipated.

Iron ore prices showed some upwards movement this week, pushing prices back up towards August highs. Domestic pellet prices moved up to $176.18/tonne, while concentrate prices moved to $164/tonne. These are prices that were achieved just before Chinese buyers went on holiday a few days ago for another week. Consequently, by next week it is reasonable to expect demand, and prices, to rise further when buyers come back to the market next week.

...and the return of small amounts of steel capacity

Data has come to light this week indicating that Chinese government efforts to cool the rate of their economic growth to sustainable levels have not been as successful as they anticipated....

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