Research

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

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January 2017 | Steel Raw Materials


Enduring demand supports seaborne prices: Iron Ore Market Analysis


Australian-origin ore, accounting for nearly two-thirds of Chinese ore imports over the past few years, has clearly been responsible for displacing domestic Chinese supply.

Chinese demand for Australian and Brazilian iron ore is at record levels; as steel producers prepare for sharper than normal local ore supply cuts. The Pilbara Port Authority’s latest release for iron ore tonnage discharged from Port Hedland in December 2016 shows a 7% m-o-m and 17% y-o-y rise to a record 44Mt. MBR believes this goes some way in explaining why MB’s 62% Fines, Qingdao CFR, (MBIOI62) Iron Ore Index has been supported in the past few weeks. If we extend the comparison between...

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