Commodity market report
| |
12 Pages

Global iron ore short-term outlook December 2016


Global iron ore short-term outlook December 2016

Report summary


A remarkable year for iron ore is drawing to a close. We started at $40/t and will finish close to $80/t. Miners are enjoying their highest margins since 2014, and in the short term it looks set to continue. Prices should hold close to $80/t through January. Thereafter we see more downside than upside price risk. Our revised price forecast for Q1-17 is $70/t CFR.

What's included?

This report includes 2 file(s)

  • Global iron ore short-term outlook December 2016 PDF - 445.33 KB 12 Pages, 6 Tables, 12 Figures
  • Iron ore STO Datafile December 2016.xls XLS - 404.50 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
  • Market structure
    • More smog related stoppages
    • Supply side developments
  • Prices
    • Key quarterly forecast
    • Capesize spot freight rates, US$/wmt, to China (Beilun/Baoshan)
  • Key companies
    • Quarterly iron ore production - selected companies (Mt, 100% basis)
  • Supply-demand balances
    • Quarterly indicators: iron ore trade, crude steel and hot metal production (Mt)

In this report there are 18 tables or charts, including:

  • Executive summary
    • Key forecast data
  • Market structure
    • Chart 1: Investment in both property and infrastructure slowed down in China.
    • Chart 2: Chinese imports of iron ore
  • Prices
    • Chart 3: Chinese steel mill margins vs. iron ore price
    • Chart 4: 65% Fe premium at all time high
    • Prices: Table 1
    • Prices: Table 2
  • Key companies
    • Key companies: Table 1
    • Quarterly mine production
    • Q3-16 year-on-year production change
  • Supply-demand balances
    • Steel production, monthly y/y growth
    • BF utilisation rate in Tangshan, China
    • Trade of iron ore, monthly volume
    • Trade of iron ore, monthly y/y change
    • Iron ore inventory at Chinese ports, by source
    • Utilisation rate at Chinese iron ore mines
    • Supply-demand balances: Table 1
    • Forecast data: iron ore trade and hot metal production (Mt)
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...