CRU: Iron ore finds cost support while Chinese demand underpins seaborne met coal pricing
For the next month, CRU forecasts that iron ore demand will fall m/m while metallurgical coal to be stable.
Contributor: Richard Lu
Richard Lu
Read more from Richard Lu CRU: Slow unfurling for raw material demand expected
In the period between mid-February and mid-March, CRU forecasts global demand for steelmaking raw materials to change little from the previous month,but buying activity will improve towards the end of next month
CRU: Raw materials prices have peaked as demand slows down
CRU forecasts that global demand for steelmaking raw materials will fall month over month (m/m) between mid-January and mid-February. The major downward pressure on raw materials demand will come from China, where steel end-use demand will fall toward the Chinese New Year (CNY) holiday (Feb. 10–17).
CRU: Chinese Coking Coal Surges to $600 /t – What’s Causing the Rally?
By CRU Senior Analyst Richard Lu, from CRU’s Steelmaking Raw Materials Monitor In a recent Insight titled “Iron ore at $140 /dmt – what’s driving the fall?”, we explained that weak demand in China has caused a sharp iron ore price fall and we expect the downtrend to persist for the rest of the year. […]