Research

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

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January 2017 | Steel Raw Materials


Current prices mask deterioration in fundamentals: Iron Ore Market Analysis


As coking coal costs continue to come under pressure the cost-push into high grade iron ores is anticipated to ease.

Market activity has cooled over the week as consumers prepared for the Chinese New Year holiday period, pegging spot market prices at $81.13/t (CFR Qingdao 62% Fe), a 3.0% decline from the previous week. In contrast, futures contracts performed strongly as speculators took advantage of upbeat sentiment for the sector to raise bets as they did last year. However, this time round we note the environment is markedly different. The Chinese authorities are shifting more attention to financial stability and less on target...

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