Iron Ore Quarterly Q1 2019
|出版商||Fitch Solutions, Inc.||商品編碼||632587|
|出版日期||內容資訊||英文 49 Pages
|鐵礦石的全球市場:最新形勢 Iron Ore Quarterly Q1 2019|
|出版日期: 2018年11月27日||內容資訊: 英文 49 Pages||
We have raised our average iron ore price forecast for 2019 from USD54/tonne to USD60/tonne as prices will start the year from a higher base following a more expansionary Chinese fiscal policy aimed at cushioning the economy from negative effects of the confrontation with the US that has buoyed steel production and hence iron ore demand over H218.
Our forecasts still mean prices will average lower in 2019 from the current spot level of USD73/tonne, although higher Chinese construction activity as a result of increased approvals of infrastructure projects will prevent any sharp declines in the coming months.
We maintain our view for iron ore prices to trend downwards in subsequent years as Chinese economic growth refocuses away from heavy industry to services, dampening demand for iron ore.