Research

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

Change font size:   

January 2018 | Steel Raw Materials


Prices still correcting, now with port stocks: Iron Ore Market Analysis


On average, port stocks were at unprecedented levels in January and were even more excessive as a share of Chinese demand, as the charts alongside show.

Last week’s decline in the daily MBIOI62 was less than one dollar to an average of $74.97 per tonne cfr Qingdao, China, as market fundamentals appeared to be tightening. Indeed, for the week ending January 26, Chinese port stocks fell for the first time since October 13, 2017 (15 weeks ago). While overall iron ore market fundamentals may finally be starting to tighten, it is no surprise that the higher quality, but much more restricted, ore stocks continued to recede at a faster pace than ordinary products. The 65% Fe...

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 it’s published.

Subscribe


Already subscribed?