Research

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

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March 2013 | Steel Raw Materials


Prices fall amid pessimism: Iron Ore Highlights


Swaps tied to delivery in March traded between $139.60 – 141/tonne, a decrease of around 2.5% compared with the previous week, while those for the second quarter also fell back, down by 4.7%, to trade in a range of $125.90 – 127.50/tonne.

Iron ore prices fell to a two and a half month low over the week as participants grew increasingly bearish about the market. Week-on-week prices for Chinese import fines (Fe 63.5%) slipped by 9% to $136/tonnes CFR, while those for pellets (65-66% Fe) fell by 6.8% to $158.50/tonne CFR. Chinese domestic iron ore prices were less affected although stilled declined from the previous week. Those for concentrate fell by 1.3% to $169.32/tonne, while pellets edged down by 1.4% to $184.30/tonne (average of a selection of prices).

Swaps tied to delivery in March traded between $139.60 – 141/tonne, a decrease of around 2.5% compared with the previous week, while those for the second quarter also fell back, down by 4.7%, to...

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