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19 December 2016
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The average price of 62-percent iron ore will be $54.7 per ton CFR China in 2017, a Reuters poll showed.
The average forecast price is $51.1 per ton for 2018.
No increase in demand for expensive Chinese ore is expected and the global benchmark price will remain at $60-$70 per ton, said Maxim Khudalov, director of corporate ratings group ACRA.
In 2015, iron ore averaged $55.3 per ton and was $51.6 per ton* in the first half of 2016.
Source – Reuters
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