Name: China delivered iron ore costs Q3 2016
Brand: Wood Mackenzie
SKU: 48933
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Author: Wood Mackenzie

Insight 07 September 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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We have improved our method for quality-adjusting China delivered iron ore costs. We are now using value-in-use (VIU) adjustments where we adjust costs for iron, silica and alumina content as well as lump and pellet premia. In the past we adjusted costs based on iron content alone. The change in methodology has led to a US$3/dmt fall in the weighted average North China delivered quality-adjusted cost from last quarter to US$32.77/dmt. Under our previous methodology, average quality-adjusted China delivered costs would have increased by US$0.30/dmt this quarter, mostly because of slightly higher sea freight costs.</div>
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<li class="list__item-toggle font-semibold">
        Improved quality adjusted costs
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<li class="list__item-toggle font-semibold">
        Rise in VIU penalties has pushed up quality-adjusted costs for low-grade suppliers
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        <li class="list__item push-quarter--bottom">North China delivered cash cost curve (adjusted to 62% Fe fines basis)</li><li class="list__item push-quarter--bottom">Cost comparison: adjusted and un-adjusted costs</li><li class="list__item push-quarter--bottom">Delivered costs by country</li><li class="list__item push-quarter--bottom">Evolution of CFR North China cash cost</li>
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<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >China delivered costs Q3 2016.xls</p>
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<p class="font-regular" >China delivered iron ore costs Q3 2016</p>
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