Iron-ore seen lower at $100/ ton in Q4 - Morgan Stanley

Market news

24 September 2020

Iron-ore seen lower at $100/ ton in Q4 - Morgan Stanley

FXStreet reports that analysts at Morgan Stanley offered a bearish outlook on iron-ore prices over the next 12 months in their latest client note.

“Shipments from Vale increasing and demand from China (steel output) easing.”

“China demand eases during the country's winter with slowing construction.”

“Seen Iron-ore prices at 100$/ton in Q4 and dropping to $81 in 2021.”

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