voda schreef op 24 juli 2015 15:54:
Goldman warns on iron ore rout till Q2 of 2016 to USD 44
Published on Thu, 23 Jul 2015 163 times viewed
Goldman says that iron ore prices will drop every quarter till Q2 of 2016 and sees prices at USD 49 in Q3 2015, USD 48 in Q4, USD 46 in Q1 2016 and USD 44 in Q2 2016
It said in a report “We expect seaborne supply to increase sequentially over the next two quarters and to gradually overwhelm the weak demand from Chinese steel mills.”
Goldman said “While housing starts in China bounced back and infrastructure has overtaken property as largest end-market for steel, improvement during 2H 2015 may not be strong enough to support iron ore prices, “
Source : Macro Business