Commodity Market Report
Iron ore markets short-term outlook April 2023
Report summary
Iron ore prices are losing support from the first quarter's positive sentiment and concerns about restocking demand as Chinese demand struggles. However, we expect a bit more strength in coming months driven by construction seasonality in China and relatively lower stocks. We continue to maintain our view of weakness in prices in H2 2023 as rising supply is met with weakening Chinese demand. We expect the iron ore price to average US$115/t in Q2-23 and decline to US$105/t by Q4-23 and hence average US$114/t for the year.
Table of contents
- Short term outlook - April 2023
Tables and charts
This report includes 1 images and tables including:
- Iron ore markets snapshot
What's included
This report contains:
Other reports you may be interested in
31 May 2023
Iron ore markets short-term outlook May 2023
Commodity Market Report
Iron ore markets short-term outlook May 2023
Iron ore price suffers from patchy economic recovery
$5,00007 April 2023
Macro oils short-term outlook: April 2023
Commodity Market Report
Macro oils short-term outlook: April 2023
What does the 2 April OPEC+ announcement of another production cut mean for the short-term oil market? Meanwhile demand is still strong
$2,00030 April 2023
Global lithium short term outlook April 2023
Commodity Market Report
Global lithium short term outlook April 2023
The latest short-term outlook provides an overview of the current market and in the quarters ahead.
$5,000
