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

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March 2020 | Steel Raw Materials

Strong short-term outlook for iron ore prices despite last week's declines: Iron Ore Market Analysis

As we detailed in the February 12 edition of this tracker, iron ore inventories at major Chinese ports were accumulating since the coronavirus outbreak.

Prices declined across the board last week. After two consecutive weeks of price increases in the seaborne iron ore market, Fastmarkets indices declined last week. The 62% Fe index lost $2.89 week on week to average at $88.10 per tonne cfr Qingdao, while the 65% Fe index dropped by $2.80 per tonne to $102.24 per tonne cfr Qingdao. In the meantime, domestic prices...


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