Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Iron Ore Loses a Key Floor. Are Options Markets Expecting Worse Ahead?

Vale S.A. (VALE US): Iron Ore Cost Support At 95 USD/Ton, But Margin Squeeze From Costs

Iron Ore: Diesel And Shipping Cost Plague Miners

Iron Ore Q3FY26 Operational Reports: Are The Miners Going To Find Diesel Supply/Price Challenging?

Vale (VALE US): Iron Ore Rules, But Copper Slowly Increasing

Fortescue Metals (FMG AU): Strong H1, Pre-2030 Earnings Bump From Decarbonization + Iron Bridge

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Iron ore producers are being squeezed by high freight costs (BDIY has increased by 50% since the war) and diesel costs, increasing production costs by 5-10 USD/ton.</li>
<li>Support on the cost curve keeps iron ore prices range-bound between 100 and 110 USD/ton. Elevated inventories at Chinese ports are an overhang, as monthly imports have normalized.</li>
<li>All eyes will be on freight/diesel costs coming down in H2 as tensions around the Straits of Hormuz ease, providing a buffer to the iron ore producers. </li>
</ul>


Iron ore producers are being squeezed by high freight costs (BDIY has increased by 50% since the war) and diesel costs, increasing production costs by 5-10 USD/ton.
Support on the cost curve keeps iron ore prices range-bound between 100 and 110 USD/ton. Elevated inventories at Chinese ports are an overhang, as monthly imports have normalized.
All eyes will be on freight/diesel costs coming down in H2 as tensions around the Straits of Hormuz ease, providing a buffer to the iron ore producers. 


Iron Ore: Margin Squeeze For Players On Freight And Diesel Costs