Research

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

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June 2019 | Steel Raw Materials


Momentum is starting to fade in the recently bullish iron ore market: Iron Ore Market Analysis


Arguably, prices react strongly to announcements about supply disruptions, even though supply cuts may not actually follow as initially announced.

Fastmarkets’ MBIOI62 daily index retreated below the $100-mark on Monday June 3 and momentum in the iron ore market appears to have started to fade. As the first chart alongside illustrates, the index accelerated quickly after the Vale dam collapse and events that followed have triggered further price spikes (events marked as vertical lines. The relative strength index (RSI) is computed over a rolling period, comparing day-on-day...

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