China Iron Ore Weekly Monitor 20140812


China Iron Ore Weekly Monitor 20140812

12nd August 2014 – The iron ore prices remained stable last week across China except for eastern Liaoning hiking prices by RMB 5/mt. The Platts index stay at USD 95.5 / mt for three days in a row with market confidence improving. Steelease thinks iron ore prices should remain steady in the near term that domestic mines have depleted stocks and imported ore prices also stabilized with gain expected.
Industrial Trend
The world's top three iron ore producers together raised the iron ore contract prices in Q3 2010, leaving the already sluggish steel market in a worse situation. In contrast, existing prices of domestic iron ores and spot prices of imported ores are well below iron ore contract prices. Contract prices are higher than spot prices. Where will Chinese steel mills go?

Hence, SMM launches China Iron Ore Weekly Monitor which emphasizes on tracing and analyzing the iron ore price and its trend. SMM also issues Iron Ore Price Index based on the prices gathered from domestic iron ore miners directly. Moreover, the integrated research on iron ore import & export, plus the analysis on weekly highlights could help readers to understand China iron ore market comprehensively and allows more accurate prediction of price movements
Key Features:
- SMM iron ore fines prices are the direct quote from the iron ore fines manufacturers, which ensures its reliability and timeliness.
- Based on analysis of industry-related macro and micro policies, thousands of telephone surveys, and extensive contact with industry experts, SMM presents the report in a comprehensive and insightful manner. From the prices, supply & demand, import & export, inventories, this report will provide you the integrated analysis on iron ore market trends on a weekly basis, and help you better understand reasons behind any change in the industry.
Source: Shanghai Metals Market (SMM)

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