Iron ore time spreads indicate the market is overheated
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive Summary
- We don’t think current iron ore market fundamentals justify such pricing
- Q4/Cal+1 spread suggests downside risk for iron ore prices
- Moreover, Q+1 vs Q+2 time spreads are trading at high levels compared to last year
- The relationship between flat price and time spreads
- A quick note on iron ore price volatility
- In summary:
Tables and charts
This report includes the following images and tables:
- Boxplot – M+1* since January 2018
- Q4 vs Cal+1* – Seasonally
- Q+1 vs Q+2 – Rolling
- Sensitivity analysis on spot price vs front months spreads
- Iron Ore 20 days Annualised Price Volatility vs Price M+1*
What's included
This report contains:
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