Commodity market report

Global iron ore long-term outlook Q2 2016



Get this report



Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information


Contact us

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.

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

Table of contents

  • Executive summary

Tables and charts

This report includes 0 images and tables including:

You may be interested in?

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898