iron ore prices

Hopes of market participants are fueled by poor results of industrial production in the country

The general outlook for the market remains disappointing amid a seasonal slowdown in construction in China over the summer

Analysts believe that the current rise in commodity prices is just a technical rebound after a long decline

Prices are currently forecast at $60/t and $140/t FOB for iron ore and coking coal

The main concern of market participants is related to the state of the Chinese economy

Iron ore futures on the Dalian Commodity Exchange for the week of April 28 – May 5, 2023, increased by 0.2% compared to the previous week

Iron ore futures on the Dalian Commodity Exchange for the week of April 21-28, 2023, decreased by 2.3% compared to the previous week

Iron ore futures on the Dalian Exchange for the week of April 14-21, 2023, decreased by 5.3% compared to the previous week

The annual capacity of the enterprise will be 500,000 tons of iron ore concentrate

As the agency expects, iron ore quotations in the current year will be $125/t

Iron ore futures on the Dalian Commodity Exchange for the week of March 31 – April 7, 2023, fell by 12.4% compared to the previous week

According to analysts, the price of raw materials will be $90-100/ton by the end of the year