August 2015 | Steel Raw Materials
Lean inventories and steady purchases provide support for Chinese iron ore import b/mark: Latest Analysis
Despite the recent devaluation of the Chinese yuan making seaborne iron ore imports RMB10/t ($1.6/t) more costly, MBR estimates this will only provide limited upside for domestic iron ore producers.
Relatively low iron ore inventories at major Chinese ports and local mills have provided modest support to seaborne iron ore import prices over the past week. MBR believes the small, but steady, purchasing activity by Chinese steelmakers has kept Metal Bulletins 62% Iron Ore...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as its published.
Subscribe