Commodity Market Report

Global iron ore long-term outlook Q2 2016

Get this report

$9,100

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

27 June 2016

Global iron ore long-term outlook Q2 2016

Report summary

Iron ore prices surprised on the upside in Q2-16 but the spike to $70/t was built on fragile foundations and quickly passed. Our price forecast for H2-16 is $49/t CFR, marginally below the H1-16 price of $51/t CFR. In a market that is effectively ex-growth for the next 3-5 years, prices will have to fall in order to force out more high cost seaborne supply and/or Chinese domestic supply. We believe the low point of the current cycle will occur in 2018 with an annual average price of $43/t CFR (real 2016 terms). There is a growing risk that a global downturn could lead to a lower and more protracted price floor.

Table of contents

  • Executive summary

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Global iron ore long-term outlook Q2 2016.pdf

    PDF 999.79 KB

  • Document

    IOMS LT Datafile Q2 2016.xls

    XLS 1.03 MB

Other reports you may be interested in

Browse reports by Industry Sector