Commodity Market Report

Global iron ore short-term outlook January 2018

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

31 January 2018

Global iron ore short-term outlook January 2018

Report summary

Defiant iron ore prices held above $75/t CFR in January despite a fall in Chinese rebar prices – but why has the typically close price relationship between the two broken down? On the supply side of the market, Brazilian shipments have stuttered and Australian shipments have slowed – further supporting prices. And this month we saw plans for some Australian supply to exit the market – the first casualty of the two-tier quality divide?

Table of contents

  • Executive summary
    • Blast furnace restarts and tight supply lift iron ore
    • Supply slowdown
    • Brazil - shipments stutter
    • Australian shipments take a hit in January
    • Key quarterly forecast
    • Capesize spot freight rates, US$/wmt, to China (Beilun/Baoshan)
    • Quarterly iron ore production - selected companies (Mt, 100% basis)
    • Quarterly indicators: iron ore trade, crude steel and hot metal production (Mt)

Tables and charts

This report includes 17 images and tables including:

  • Key forecast data
  • FMG price discounts widened in 2017
  • Freight rates rose in 2017
  • Iron ore inventory at Chinese ports, by source
  • Utilisation rate at Chinese iron ore mines
  • Trade of iron ore, monthly volume
  • Trade of iron ore, monthly y/y change
  • Steel production, monthly y/y growth
  • BF utilisation rate in Tangshan, China
  • What has supported iron ore prices in 2018?
  • Prices: Table 1
  • Prices: Table 2
  • Key companies: Table 1
  • Quarterly mine production
  • Q3-17 year-on-year production change
  • Supply-demand balances: Table 1
  • Forecast data: iron ore trade and hot metal production (Mt)

What's included

This report contains:

  • Document

    Global iron ore markets short-term outlook data January 2018.xls

    XLS 413.50 KB

  • Document

    Global iron ore short-term outlook January 2018

    PDF 380.37 KB

  • Document

    Global iron ore short-term outlook January 2018

    ZIP 566.74 KB