Commodity market report
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6 Pages

Global iron ore long-term outlook Q4 2014


Global iron ore long-term outlook Q4 2014

Report summary

Iron ore prices plummeted to fresh five-year lows in Q4-14 with the quarterly average on track to reach $74/t CFR China, basis 62% Fe sinter fines. The short to medium term outlook remains bleak thanks to persistently weak demand from the Chinese residential property sector and persistently strong supply from the major Australian iron ore producers. We forecast prices to average $80/t CFR (real terms) over the five year period 2015-19.

What's included?

This report includes 2 file(s)

  • Global iron ore long-term outlook Q4 2014 PDF - 309.42 KB 6 Pages, 1 Tables, 3 Figures
  • IOMS LT Datafile Q4 2014.xls XLS - 950.50 KB

Description

As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth.

This Iron Ore Long Term Outlook report provides a detailed breakdown of global supply and demand balances in this market, as well as price forecasts.

Mining companies, investment banks and investors can use this report to understand the future direction of the ferrous and base metals market. It will also help you assess the impact of key industry issues and events on market balances and pricing.

From acquisitions to investments, Wood Mackenzie helps you plan, forecast and benchmark in the metals markets. Our proprietary database and analyst expertise combines robust production, consumption and pricing data with detailed analysis to identify market opportunities.

We give you a holistic view of the ferrous and base metals markets so you have the confidence to make strategic decisions.

  • Executive summary
    • Key changes to our China view
      • Steel
    • Key changes to our seaborne supply forecast
      • Australia
      • Brazil
      • Africa
    • Price forecast

In this report there are 4 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
    • Executive summary: Image 1
    • Real steel demand is still growing in China.
    • Iron ore inventory has risen by 20Mt y/y.
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