Commodity Market Report
Global iron ore short-term outlook December 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Despite near-term concerns around downstream demand as China enters its weak construction season during the winter, prices have continued to trend higher. December prices averaged US$134.9/t as of the time of writing, up by US$4.2/t month-on-month, as sentiment remains positive on the expectation that Beijing will support the economy with further stimulus measures. This excess price positivity caught the attention of Chinese authorities and caused investigations into what they consider unreasonably high prices. While the influence of market supervision is now waning despite its initial effectiveness at price control, we still see the current bullish sentiment being at the mercy of rising concerns over a soft growth outlook in China.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Steel short-term outlook January 2023
Steel to evoke the tale of two halves in 2023
$5,000
Country Report
Global iron ore supply summary 2026
Iron ore prices average US$102.6/dmt CFR China in 2026 but ease in H2; supply expands 28 Mt, favouring low-cost producers.
$6,750
Commodity Market Report
Global aluminium short-term outlook October 2023
Prices move above US$2200/t on Yunnan supply cuts and some encouraging macro news out of China.
$5,000
