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Morgan Stanley: Iron Ore Price Is Expected to Drop to UD$35/ton in Q3

  • Friday, July 1, 2016
  • Source:ferro-alloys.com

  • Keywords:iron ore
[Fellow]After rising in early June, North China’s iron ore benchmark prices now stand above the US$50/ton. The Tianjin’s 62% iron ore import prices have increased for the third consecutive days, rose to US$53.4/ton. Morgan Stanley predicted that second half of the...

[www.ferro-alloys.com] After rising in early June, North China’s iron ore benchmark prices now stand above the US$50/ton. The Tianjin’s 62% iron ore import prices have increased for the third consecutive days, rose to US$53.4/ton. 
Morgan Stanley predicted that second half of the year, iron ore prices will expect to fall sharply from current levels, but the company recently raised its prices for iron ore.

  • [Editor:Chen Zhen Seng]

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