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China delivered iron ore costs Q4 2016: soaring producer margins


China delivered iron ore costs Q4 2016: soaring producer margins

Report summary

Iron ore costs on a value-in-use adjusted basis have fallen only US$0.07/tonne from the previous quarter. This is the slowest rate of cost reduction for more than two years. The limited cost reduction has been caused by uncontrollable factors; namely higher sea freight costs and higher iron ore prices. But higher iron ore prices are clearly a good thing for producers. With costs stable and prices rising we estimate iron ore margins are at their highest since early-2014.

What's included?

This report includes 2 file(s)

  • China delivered iron ore costs Q4 2016: soaring producer margins PDF - 272.26 KB 4 Pages, 0 Tables, 5 Figures
  • China delivered costs Q4 2016.xls XLS - 860.50 KB

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

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  • Iron ore costs stable but margins soar
  • Chinese domestic costs continue to fall

In this report there are 5 tables or charts, including:

  • Iron ore costs stable but margins soar
    • CFR North China cost curve 2016 (62% Fe fines equivalent)
    • Cash operating margins
    • CFR China cash cost by country
    • CFR China cash cost by percentile
  • Chinese domestic costs continue to fall
    • China full cost curve 2016 (62% Fe fines equivalent)
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