Insight
Iron ore mine closures: domestic price premium puts less Chinese supply at risk
This report is currently unavailable
Report summary
Our revised view of Chinese capacity at risk of closure is 33 million tonnes lower than previous estimate, reflecting an unanticipated price premium for local ore suppliers. With 33 million tonnes of Chinese production 'back in cash', some imported iron ore has to be displaced instead. Looking at the margin curve of all supplies to China shows Australian juniors and Iranian supplies are at most risk of closure.
Table of contents
- Executive summary
- China domestic prices are attracting a premium over seaborne prices
- Less Chinese production losing money than previously thought
-
Who might be displaced from the seaborne market?
- China iron ore supply margin curve - exports to China and domestic production
Tables and charts
This report includes 5 images and tables including:
- Local price premium over import iron ore
- Prices of Inland provinces are more sticky
- Chinese iron ore margin curve
- Chinese iron ore production with negative margins
- Iron ore mine closures: domestic price premium puts less Chinese supply at risk: Image 5
What's included
This report contains:
Other reports you may be interested in
Asset Report
Banmiaozi gold mine
A detailed analysis of the White Mountain gold mine.
$2,250
Insight
Future Facing Commodities 2024 - your questions answered
Our experts cover questions from EV forecasts to the latest battery tech, and from CBAM in aluminium to hydrogen’s most likely end uses
$1,050
Commodity Market Report
Global zinc strategic planning outlook Q1 2024
Rising mine and refined production and slowing demand growth will result in a refined surplus in the second half of this decade.
$10,000
