Commodity Market Report
Global iron ore short-term outlook July 2022
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Iron ore price slumped to its lowest level this year on a weak demand environment. Covid restrictions in China combined with extreme weather in the country have been detrimental to steel demand. Steel production underperformance could persist over the next couple of months in China and many risks on global economic growth exist. However, we think that from an iron ore balance of risks point of view, there is more price upside than downside on the back of Chinese efforts to stimulate its economy.
Table of contents
- China's demand acceleration is months away, but sentiment could get a boost
- Technical perspective
- High grade ore, lump and pellet
- Update on Ukraine
- Hefty duties impact exports and hence production in India
- Chinese domestic ore supply recovery constrained by low steel mills’ margins
- Dry bulk freight market remains rangebound
- Iron ore port inventories up 9.6 Mt in July
Tables and charts
This report includes the following images and tables:
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Iron ore pricesRaw material prices and hot metal spreadQuarterly price forecast
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62% Fe - Fibonacci retracement levelsM+1 / M+2 time spread – SeasonalityPellet premium vs inventories of pellets at Chinese portsLump premium vs inventories of lump at Chinese portsUkraine’s concentrate production and exportsRussia’s pellet production and exportsSupply summary snapshotQuarterly market balanceBrazil iron ore exports
- 15 more item(s)...
What's included
This report contains:
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