10
May
09:27
Morgan Stanley sees further downside to iron ore
With a surplus market looming, Morgan Stanley sees further downside to iron ore price through the second half, Kallanish learns from its report.
“We do see downside risk to our second half base case forecast (average of $110/t in 3Q; $90/t in 4Q),” the research house says.
While the research house was quite bearish on iron ore into the second half, the sell-off has come earlier than it had expected.
In mid-April the price broke out of the $120-130…
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Anonymous
Very good overview of the weekly steel market.
Anonymous