Commodity Market Report

Global iron ore short-term outlook November 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.

- FAQs about online orders
- Find out more about subscriptions

29 November 2018

Global iron ore short-term outlook November 2018

Report summary

The 62% Fe iron ore fines benchmark price dropped to a four-month low in November, just below $65/t CFR as the margin squeeze on Chinese steel mills intensified. Prices for high grade sinter fines, concentrates and direct charge feed have been particularly hard hit as purchasing managers re-focus on cost control at the expense of maximising productivity. We believe November's sell-off has largely run its course, but with steel mill margins in decline and dark clouds on the economic horizon, it's hard to see a short term catalyst that could push prices back above $70/t CFR.

Table of contents

  • The view from Beijing – still murky!
  • Chinese imports – on track for first annual fall since 2010
    • Dry bulk freight market

Tables and charts

This report includes 14 images and tables including:

  • BF utilisation rates in Tangshan and China's major steel mills
  • Comparison of major Chinese steel mill BF utilisation rates
  • China: imports of iron ore
  • China: composition of iron ore consumption
  • Key quarterly forecast
  • Capesize spot freight rates, US$/wmt, to China (Beilun/Baoshan)
  • 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
  • Quarterly indicators: iron ore trade, crude steel and hot metal production (Mt)
  • 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 November 2018.xls

    XLS 377.00 KB

  • Document

    Global iron ore short-term outlook November 2018

    PDF 969.20 KB

  • Document

    Global iron ore short-term outlook November 2018

    ZIP 963.05 KB