17
May
04:56
ING sees bearish outlook for iron ore
ING believes the short-term outlook remains bearish for iron ore, with sluggish demand from China suggesting that prices should trend lower.
The research house expects prices to average $100/tonne in Q4 and $106/t in 2023, Kallanish notes.
It foresees iron ore prices to remain volatile as the market will continue to be responsive to any policy change from the Chinese government.
It also notes that sharp price movements in iron ore have drawn scrutiny and warni…
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Anonymous
Very good overview of the weekly steel market.
Anonymous