US. Info from the Oz today...
The stunning strength of iron ore throughout the year, fuelled by hopes of Chinese infrastructure stimulus, has prompted some analysts to upgrade their near-term forecasts, with Deutsche Bank the latest team to do so.
“Through a combination of supply side discipline and fiscal stimulus in China, bulk markets have tightened significantly this year, leading to dramatic increases in the underlying commodity prices,” Deutsche analysts wrote in a research note.
Deutsche lifted its iron ore 2017 forecast by 21 per cent to $US55 a tonne, the same level as estimated in May’s federal Budget.
US. Info from the Oz today... The stunning strength of iron ore...
-
- There are more pages in this discussion • 1,057 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)