24
May
03:05
ANZ raises iron ore short term price target
The latest Chinese government stimulus measures have prompted ANZ Research to raise its iron ore short term price target to $125/tonne, from $120/t, Kallanish notes. The research house annual average iron ore forecast stands at $112/t.
ANZ says in a note that the upgrade was due to the boost in sentiment from Chinese government measures to stabilise the property market, in addition to unexpectedly strong support from non-property sectors.
While the stimulus measu…
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Anonymous
Very good overview of the weekly steel market.
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