Commodity market report
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11 Pages

Global iron ore short-term outlook December 2015


Global iron ore short-term outlook December 2015

Report summary


Spot iron ore prices are languishing at all time lows and show no immediate sign of rising. At current prices only the "big three" miners are making a decent cash margin on sales of sinter fines to China. This month BC Iron suspended production at its 5 million tpy Nullagine JV. We expect more closure announcements over the next few months.

What's included?

This report includes 2 file(s)

  • Global iron ore short-term outlook December 2015 PDF - 367.08 KB 11 Pages, 6 Tables, 8 Figures
  • IOMS Datafile December 2015.xls XLS - 401.50 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 Short 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 forecast data
  • Market structure
    • Downgrading our medium term view
    • A weak year-end for Brazilian exports – 2016 will be even worse
  • Prices
    • Iron ore freight market update
      • Key quarterly forecast
      • Capesize spot freight rates, US$/wmt, to China (Beilun/Baoshan)
  • Key companies
  • Supply-demand balances
    • Quarterly indicators: iron ore trade, crude steel and hot metal production (Mt)

In this report there are 14 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Market structure
  • Prices
    • Chart 1: Iron ore prices: 62% Fe vs. 58% Fe
    • Chart 2: Iron ore price vs. oil price
    • Prices: Table 1
    • Prices: Table 2
  • Key companies
    • Quarterly iron ore production - selected companies (Mt, 100% basis)
    • Quarterly mine production
    • Q3-15 year-on-year production change
  • Supply-demand balances
    • Supply-demand balances: Table 1
    • Iron ore exports: Q3 year-on-year change
    • Iron ore imports: Q3 year-on-year change
    • Global exports of iron ore
    • Global imports of iron ore
    • Forecast data: iron ore trade and hot metal production (Mt)
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