BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Metals

RBC Capital cuts price forecast for Jul-Sep iron ore fines on lower China demand

Dry Freight

Interview: Andrew Benjamin, Norvic Shipping

Metals | Non-Ferrous | Steel

Platts Market Data - Metals

Commodities | Metals | Non-Ferrous | Shipping | Autos & Capital Goods | Materials | Building & Construction | Transportation | Aerospace & Defense | Financial Services

Aluminum Symposium

Metals

South32's Australian metallurgical coal production surges 207% in Jul-Sep

RBC Capital cuts price forecast for Jul-Sep iron ore fines on lower China demand

Sydney — Iron ore prices are expected to fall in the coming months on the back of a slowdown in Chinese steel demand, RBC Capital Markets mining analyst Paul Hissey said in a report issued Wednesday. RBC has downgraded its forecast for spot 62%-Fe fines to $50/dry mt CFR China for July-September from $60/dmt, and to $47.50/dmt from $70/dmt for the October-December quarter, which compares to an average of $74.09/dmt and $65.34/dmt in the first two quarters of 2018, respectively, he said.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Whilst steel production and profitability remained strong through H1, we are cautious around a near-term slowdown in Chinese steel demand and the impact on iron ore prices," he said.

A slowdown in infrastructure and property demand and continued volatility around tariffs as well as expectation of continued winter curbs could soften the near-term outlook for iron ore, he said.

"Despite this, we remain constructive on the longer-term fundamentals for the commodity," he added.

The forecast for January-March next year was dropped from $70/dmt to $57/dmt, while that for April-June was left unchanged at $70/dmt by RBC. For the July-September and October-December quarters, the forecast was cut by $5 and $10 to $65/dmt and $60/dmt, respectively. The forecast for 2020, 2021 and 2022 was left unchanged at $70/dmt.

--Nathan Richardson, newsdesk@spglobal.com

--Edited by E Shailaja Nair, shailaja.nair@spglobal.com