Research

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

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August 2019 | Steel Raw Materials


Further price falls expected as price downturn grips iron ore market: Iron Ore Market Analysis


The fundamental drivers behind the iron ore price surge have now shifted as the fast rising demand growth slows down in China and seaborne supply recovers.

The downward price correction we have been anticipating for several months now appears to have gripped the market, although prices still remain elevated. On Tuesday August 6, Fastmarkets’ 62% Fe fines benchmark reached the lowest level since mid-May as it plummeted below the $100-mark. We saw the sharpest daily price drop in over nine months on Friday August 2 as the index fell by 6.9%. By the end of the week, Fastmarkets’ 62% Fe fines benchmark averaged $115.63 per tonne, dropping 1.41% week on week, and we saw similar price falls in the iron...

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