- Write by:
-
Sunday, February 3, 2019 - 10:51:53 AM
-
1772 Visit
-
Print
Mining News Pro - A senior expert on international iron and steel markets said: “The price of iron ore will remain high a little after Chinese New Year but Australia will compensate the deficit of the market."
According to Mining News Pro - Keivan Jafari Tehrani said: “Iron ore market will remain high in value due to technical, fundamental and behavioral analysis short after the Chinese New Year but Australia will soon compensate the market.
Jafari Tehrani explained: “Unfortunately, analysis in Iran and few other countries are technical and fundamental but behavioral is not considered. The impact of behavioral analysis will be less on the market day by day.
This expert also said that the fraction of Vale`s iron ore production will enter the market over the course of 2 years, and this is a psychological effect that caused the price shock.
He also talked about the pellet market: “Pellet market is different from iron ore. Considering the global production in 2017, that is about 72 million tons and 81 million in 2018, we can realize that absence of one or two producers will have high psychological impacts on the market. The largest producer of European pellets in Europe, which sometimes compensates Venezuela`s HBI production deficit in the Gulf states, is Sweden`s LKAB that now has a little problem with pellet production, which will become more acute within a month or two.”
Short Link:
https://www.miningnews.ir/En/News/333168
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
No comments have been posted yet ...