Iron-ore prices to fall to $60/metric ton by 2017-end – Goldman Sachs

Dhwani Mehta FXStreet

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."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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