Research

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

Change font size:   

December 2019 | Steel Raw Materials


Stagnating stocks and stable prices ahead of boost from restocking: Iron Ore Market Analysis


There seems to be no strong correlation between total port stock volumes in China and the 62% Fe fines benchmark.

Iron ore prices have hovered around $85-90 per tonne in the past two months and remained stable last week. Fastmarkets’ 62% Fe fines benchmark rose slightly by 4 cents to average $88.71 per tonne in the week ending December 6. As the first chart shows, slowing demand growth halted the rundown in stocks which we had seen until July and dragged prices down from their 5-year peaks in August. Port stocks have stagnated since the end of October, after nearly four months of growth up until then. At a first glance, the first...

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?