Commodity Market Report
Global iron ore short-term outlook June 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
Chinese steel demand expected rebound has disappointed causing steel and iron ore prices to contract month on month. The situation in regard to Covid is still fluid and fears of further restrictive measures on economic activities is keeping the market nervous about Chinese steel consumption. The market will continue to be driven alternatively by demand concerns and expectations of a demand rebound. We remain of the view that the situation is more likely to improve than deteriorate in the short term. On the pricing front, sentiment is weak currently, but, we expect the situation to gradually improve and iron ore price to revert back towards the $130 mark over H2 2022.
Table of contents
- China's support pledge needs action to re-boost sentiment
- Technical perspective
- High grade ore, lump and pellet
- Update on Ukraine
- India's iron ore production picks pace; exports tumble
- Chinese domestic ore supply starts to recover but hit by low steel mills’ margins
- Dry bulk freight market softens
- Iron ore port inventories down 8.8 Mt in June
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 levels62% Fe - Moving averagesPellet premiumLump premiumUkraine’s concentrate production and exportsRussia’s pellet production and exportsSupply summary snapshotBrazil iron ore exportsBrazil iron ore exports: by shippers
- 14 more item(s)...
What's included
This report contains:
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