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

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November 2019 | Steel Raw Materials


Iron ore price recovery amid growing uncertainty: Iron Ore Market Analysis


Our calculations show the real-time operating margins for Chinese mills have improved considerably and climbed to the highest level in over 6 months.

Iron ore prices across the board rose last week after having fallen six weeks in a row. Fastmarkets’ 62% Fe fines benchmark climbed by 5.5% to average $86.53 per tonne on the week ending November 22. Last week’s price rise was boosted by mills returning to the spot market to restock fines after having waited on the sidelines until recently. However, despite the rise in iron ore prices, markets are still far from lively and market participants are contemplating what options they have if they buy cargoes now as the opportunity to resell before the long holiday period...

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