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

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January 2020 | Steel Raw Materials

Fines benchmark to come down from 5-month high: Iron Ore Market Analysis

The recent fears about supply disruptions are providing upside support to prices and particularly boosting the premium for Brazil-origin fines.

The bullish trend has been lingering and the iron ore benchmark continued to move up for a third week in a row to a five-month high. Fastmarkets’ index for 62% Fe fines cfr Qingdao increased by 1.7% week on week to average $96.67 per tonne in the week ending January 17. This is the highest level since the first week of August last year, and that was merely two weeks after the fines benchmark had surged to an eyewatering level above $120 per tonne amid...


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