Research

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

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November 2019 | Steel Raw Materials


Fines benchmark dips to ten-month low, with downturn expected to continue: Iron Ore Market Analysis


The prices for iron ore products with high Fe content rose week on week while the 62% Fe and 58% Fe fines prices dropped, pushing the premiums higher.

Fastmarkets’ index for 62% Fe fines cfr China fell slightly by 67 cents per tonne to the lowest level since January this year, averaging $81.99 per tonne in the week ending November 15. The benchmark did not move down much as many market participants remain on the cautious side before the government release a formal announcement on the curbs that will be imposed during the coming winter season. At some point however, mills will need to restock in order to continue production and this will provide some support to...

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