Volatility gripped the iron ore market last year. Huge price movements saw multi-year highs followed by steep falls as supply and demand whiplashed over the course of the months.
With the past year now firmly behind us, let's take a closer look at how the spot market fared throughout 2021.
S&P Global Commodity Insights' Platts 62% Fe IODEX started the year at $164.5/dmt Jan. 4 and rallied to $233.1/dmt, an all-time high May 12, before dropping 48.9% from the peak to close at $119/dmt on Dec. 31.
We unpack the key trends that emerged in the iron ore market, including much-needed data on topics including brand-level market liquidity, price assessment participation and pricing mechanisms.
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