iron ore prices

Some steel plants have to reduce capacity utilization by 30-50%

Positive dynamics were facilitated by the intensification of demand in China after the national holiday

For 2024-2026, the forecasts remained unchanged – $85/t, $75/t and $70/t, respectively

Commodity quotations are supported by hopes that China will start implementing policies to stimulate the economy

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