Global Iron Ore Metals Report - Business Monitor International - Industry Reports

Global Iron Ore Metals Report

Global Iron Ore Metals Report - Business Monitor International - Industry Reports
Global Iron Ore Metals Report
Published Aug 20, 2016
80 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We have revised up our iron ore forecast to ---- and expect iron ore prices to average USD--/tonne in ---- and USD--/tonne in ----, up from our previous forecasts of USD--/tonne and USD--/tonne, respectively. Our upwards revision is predicated on sustained ore demand from Chinese steel mills and domestic iron ore production coming offline at a faster pace than we had anticipated, reducing excess ore capacity. ...We have revised up our iron ore forecast to ---- and expect iron ore prices to average USD--/tonne in ---- and USD--/tonne in ----, up from our previous forecasts of USD--/tonne and USD--/tonne, respectively. Our upwards revision is predicated on sustained ore demand from Chinese steel mills and domestic iron ore production coming offline at a faster pace than we had anticipated, reducing excess ore capacity. However, the latter s upside effects on ore prices will be mitigated by elevated iron ore prices, which will slow the pace of high-cost iron ore producers coming offline over the coming quarters. ...In the year to date, iron ore prices rallied as resurgent Chinese steel prices and expectations of improved demand from the residential construction sector encouraged steel mills to restock iron ore. The uptick in ore prices was also boosted through increasing iron ore futures speculation on both the AsiaClear and Dalian Commodity Exchange (see Iron Ore: Chinese

...Source: Bloomberg Short-Term Outlook (three-to-six months) We believe iron ore prices will trade between USD-----/tonne for the remainder of ----. Prices will be supported by sustained demand from steel mills restocking iron ore, as resurgent Chinese steel prices will continue to incentivise domestic steel production. For instance, as of July --, Chinese iron ore inventories had risen by --.- compared to the start of the year, totalling --.-mnt. Meanwhile, domestic steel inventories as a proportion of steel production were at a historic low (see chart below), which could indicate sustained ore demand from steel mills seeking to restock steel inventories. However, in Q---, ore prices will gradually edge lower due to slowing demand growth from steel mills on the back of a slowdown in the country s construction sector. ...Meanwhile, domestic steel inventories as a proportion of steel production were at a historic low (see chart below), which could indicate sustained ore demand from steel mills seeking to restock steel inventories. However, in Q---, ore prices will gradually edge lower due to slowing demand growth from steel mills on the back of a slowdown in the country s construction sector.

...We have revised up our iron ore forecast to ---- and expect iron ore prices to average USD--/tonne in ---- and USD--/tonne in ----, up from our previous forecasts of USD--/tonne and USD--/tonne, respectively. Our upwards revision is predicated on sustained ore demand from Chinese steel mills and domestic iron ore production coming offline at a faster pace than we had anticipated, reducing excess ore capacity. ...

  
Source:
Document ID
2397-5156
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Global Iron Ore Metals Report" Aug 20, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Iron-Ore-Metals-Report-2026-1879>
  
APA:
Business Monitor International - Industry Reports. (2016). Global Iron Ore Metals Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Iron-Ore-Metals-Report-2026-1879>
  
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