In the view of the analysts at Goldman Sachs, iron-ore prices have more room to the upside amid a potential market deficit during the first half of this year. Key quotes “We continue to favour upside exposure to iron ore in H 1-21.” “Our balance points to a material deficit during the period.” “Supply disruption risks remain elevated in the near term on seasonal weather trends in both Western Australia and Brazil. “ “On the demand side, China’s mill restocking is also a current tightening influence onshore. Onshore COVID restrictions and cold weather present potential near-term headwinds but a strong pipeline of construction activity post-LNY should underpin prices into Q2.” “We maintain our 6M $150/t target, which based on the forward curve implies dips should be bought.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cosmos Price Forecast: ATOM’s 60% 5-day rally on the verge of correction FX Street 2 years In the view of the analysts at Goldman Sachs, iron-ore prices have more room to the upside amid a potential market deficit during the first half of this year. Key quotes “We continue to favour upside exposure to iron ore in H 1-21.” “Our balance points to a material deficit during the period.” “Supply disruption risks remain elevated in the near term on seasonal weather trends in both Western Australia and Brazil. “ “On the demand side, China's mill restocking is also a current tightening influence onshore. Onshore COVID restrictions and cold weather present potential near-term headwinds but a strong… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
