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

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February 2020 | Steel Raw Materials

Sharp falls amid demand uncertainty and extended holiday in China: Iron Ore Market Analysis

Concerns about potential supply disruptions due to the heavy rainfall in Brazil has moderated the price fall for high-grade fines.

The iron ore benchmark recorded the sharpest week-on-week drop in nearly six months and fell to a 10-week low last week. Fastmarkets’ index for 62% Fe fines cfr Qingdao tumbled down by 8.2% and averaged $87.61 per tonne on the week ending Friday January 31. Prices have been on a downward path since the outbreak of the Wuhan Coronavirus at the end of last month, but we saw a temporary uptick in the iron ore benchmark on Tuesday as the markets reopened after the Lunar New Year. The low prices attracted...


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