Commodity Market Report
Global iron ore short-term outlook February 2023
Report summary
Sentiment in both steel and iron ore remained positive this month. Iron ore consolidated above US$125/t in February as the market is factoring in China as the stabilising force in 2023. We expect to see Chinese iron ore demand continue to gradually improve going forward, lending price support throughout the seasonal increase in construction activity in China. We have increased our price forecast for 2023 to US$115/t to account for the current price strength. However, we expect to see the current optimism that is providing support to prices to fizzle out later in the year as supply seasonally improves.
Table of contents
- Short term outlook - February 2023
Tables and charts
This report includes 1 images and tables including:
- Iron ore markets snapshot
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global iron ore short-term outlook February 2024
Iron ore prices slide on demand concerns and a build-up of inventories
$5,000
Commodity Market Report
Global iron ore short-term outlook April 2024
Iron ore prices to consolidate at the current level in the near term. The upside is limited.
$5,000
Commodity Market Report
Global iron ore strategic planning outlook – Q1 2024
Iron ore price set to ease as Chinese demand declines gradually
$10,000