Iron-ore prices to fall to $60/metric ton by 2017-end – Goldman Sachs
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Analysts at Goldman Sachs out with their latest outlook on iron-ore prices for the coming months.
Key Quotes:
“Price fall has further to go”
Anti-pollution price in China coming winter months will hurt demand further: "The market has not fully priced the negative impact of environmental restrictions"
Supply from global mines is set to expand too: "On top of the steel production cuts described above, which imply weak iron ore demand over the next six months, iron ore supply fundamentals are also discouraging."
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