Goldman Sachs Ups Iron Ore Price Forecast for 2017

Aug 15, 2017 16:26

Source:SMM

Goldman Sachs hiked its forecast for iron ore prices from $67 to $71 per tonne for 2017.

SHANGHAI, Aug. 15 (SMM) – Goldman Sachs hiked its forecast for iron ore prices from $67 to $71 per tonne for 2017.

Its forecast for average iron ore price was up from $55 to 70 per tonne in the following 3 months.

Iron ore prices jumped 26% over the past month, breaching $70 per tonne.

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Goldman Sachs Ups Iron Ore Price Forecast for 2017

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