Commodity Market Report
Global iron ore short-term outlook January 2024
Report summary
Prices have been volatile over the last month. Near-term concerns around downstream demand in China during its weak construction season remain; however, restocking efforts and stimulus headlines provide renewed support to prices. January prices averaged US$135.5/t, broadly flat month-on-month, but prices have traded in a US$16/t range. While the market is still betting on China’s policy support translating into an uptick in downstream steel demand, rising concerns over a soft growth outlook should start cooling down iron ore prices through 2024.
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
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 strategic planning outlook – Q1 2024
Iron ore price set to ease as Chinese demand declines gradually
$10,000
Commodity Market Report
Global lithium short-term outlook January 2024
Wood Mackenzie's latest short-term outlook incorporates recent price changes as well as supply and demand updates affecting the market.
$5,000
