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North China delivered iron ore cost comparison Q4 2015

North China delivered iron ore cost comparison Q4 2015

Report summary

The weighted average cost of North China delivered iron ore is US$40.1/dmt (62% Fe), US$4.3/dmt less than our Q3 2015 estimate. Cost deflation continues across all countries, with weak currencies, falling oil prices, increasing productivity and tax relief the main contributors to cost drop. Since late 2014, iron ore prices have tracked the 75th percentile of the cost curve. For 2016, we estimate the 75th percentile cost will be US$47/dmt, indicating the iron ore price is likely to fluctuate around this level if the trend of the past year continues.

What's included?

This report includes 2 file(s)

  • North China delivered iron ore cost comparison Q4 2015 PDF - 275.01 KB 3 Pages, 0 Tables, 4 Figures
  • q4 2015 china delivered costs.xls XLS - 581.00 KB


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  • Executive summary
  • Price has been following the 75th percentile of costs

In this report there are 4 tables or charts, including:

  • Executive summary
    • North China delivered cash cost curve
  • Price has been following the 75th percentile of costs
    • Evolution of China delivered cash cost curve
    • 2015 65th-80th percentile production (Million tonnes)
    • 2016 Average cost of Australian mines in 65th - 80th percentile
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