Commodity market report

Global iron ore short-term outlook October 2017

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Report summary

By recent standards October was a remarkably stable month for iron ore prices. Iron grade/quality spreads remain exciting with suppliers of high grade low impurity products achieving record premiums. This story could have further to run as steel mills continue to enjoy decent margins and focus on blast furnace productivity. Our Q4 17 price forecast remains unchanged at $60/t CFR.

What's included

This report contains

  • Document

    Global iron ore markets short-term outlook data October 2017.xls

    XLS 410.00 KB

  • Document

    Global iron ore short-term outlook October 2017

    PDF 423.13 KB

  • Document

    Global iron ore short-term outlook October 2017

    ZIP 602.89 KB

Table of contents

  • Executive summary
    • Price stabilisation
    • Demand – obscured by pollution
    • Supply – domestic down, imports up
    • A correction not a collapse
    • 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 18 images and tables including:

Images

  • Steel production, monthly y/y growth
  • BF utilisation rate in Tangshan, China
  • Trade of iron ore, monthly volume
  • Trade of iron ore, monthly y/y change
  • Iron ore inventory at Chinese ports, by source
  • Utilisation rate at Chinese iron ore mines
  • Chinese imports on track to reach 1075Mt
  • Although the volume of imports is rising, the value is not
  • Chinese mill margins are healthy
  • The high grade Fe premium remains high
  • Quarterly mine production
  • Q2-17 year-on-year production change

Tables

  • Key forecast data
  • Prices: Table 1
  • Prices: Table 2
  • Key companies: Table 1
  • Supply-demand balances: Table 1
  • Forecast data: iron ore trade and hot metal production (Mt)

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