Iron ore prices to drop to $ 60/ ton – NAB

FX Street

Updated: 5 Jul. 2018 | 03:56

Analysts at National Australia Bank (NAB) is out with its iron-ore price forecast in the coming months,

Key Points via Bloomberg:

Expect iron ore prices to drop to $ 60/ ton.

The main reason cited is easing Chinese demand

Separately, Morgan Stanley sees iron-ore prices at $ 61/ ton for 2019 while for 2020, the metal is expected to average at $ 60/ ton.

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