Research

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

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January 2020 | Steel Raw Materials


The recent trajectory in iron ore prices has been in the opposite direction from our more bearish forecast: Latest Analysis


The lack of a strong supply recovery from Brazil combined with buoyant demand from both China and South Korea have helped keep the price levels elevated since last year.

The recent trajectory in iron ore prices has been in the opposite direction from our more bearish forecast and we can point to multiple factors which have lent their support to the fines benchmark. This includes several weather warnings in the past week amid cyclone season in Australia and the rainy season in Brazil, which can cause railway disruptions, and lastly, the stronger exchange rate for the Chinese yuan against dollar which has strengthened the Chinese buyers’ purchasing power on the seaborne market. The lack of a strong supply recovery...

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