Research

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

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June 2015 | Steel Raw Materials


Major seaborne iron ore b/marks climb to three-month high: Latest Analysis


Looking forward we anticipate that Chinese port stocks are unlikely to fall much farther, owing partly to the deteriorating profitability of steelmakers, and seasonally slack downstream steel demand.

Metal Bulletin’s Iron Ore 62% Fe Index climbed for the first time in almost twelve months to a three-month high of $63.10/t on Wednesday 27th May.However, the recent rebound in iron ore prices above $60/t triggered more Chinese traders to liquidate a portion of their inventories at local ports. We estimate...

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