Today, the basic prices for iron ore reached a 15-month maximum and significantly ahead of forecast levels. Market experts are in a hurry to reconsider these forecasts, but assure that overheating of the market will soon lead to a drop in prices.
Deutsche Bank analysts are sure that the basic prices for iron ore raw materials will reach a maximum of $ 170, after which the trend will unfold and will fall on the usual $ 120 per ton. Moreover, the "turn" will happen no later than the middle of this year.
Credit Suisse experts suggest an even more gloomy perspective: they expect that the jumps in prices will reach its climax in the next month, after which there will be some stagnation and collapse of the price of iron ore up to 90 dollars per ton in the second half of 2013.
Other analysts also revised their worldview - Hartleys expects an average annual price of iron ore by 4.6% to $ 120, and Patersons Securities by 10% to 128 US dollars per ton.
High prices for iron ore will soon fall again
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Azovpromstal® 10 January 2013 г. 00:01 |
