Analysts at Morgan Stanley offered a bearish outlook on iron-ore prices over the next 12 months, in its latest client note. Key quotes “Shipments from Vale increasing and demand from China (steel output) easing.” “China demand eases during the country’s winter with slowing construction.” “Some support from China port inventory replenishment.” “Seen Iron-ore prices at 100$/ton in Q4 and dropping to $81 in 2021.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Price Analysis: Cable indecisive near 200-day SMA support FX Street 1 year Analysts at Morgan Stanley offered a bearish outlook on iron-ore prices over the next 12 months, in its latest client note. Key quotes “Shipments from Vale increasing and demand from China (steel output) easing.” “China demand eases during the country's winter with slowing construction.” “Some support from China port inventory replenishment.” “Seen Iron-ore prices at 100$/ton in Q4 and dropping to $81 in 2021.” Top 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.
