(Bloomberg) -- Iron ore is poised to extend declines into the $80s-a-ton range as China’s steelmakers reduce production, according to Citigroup Inc., which...
-- Iron ore is poised to extend declines into the $80s-a-ton range as China’s steelmakers reduce production, according to Citigroup Inc. , which pared price forecasts and said that market dynamics have shifted.“Further price weakness is required to bring the market back into balance,” Citigroup analysts including Shreyas Madabushi said in a report received on Tuesday.
The bank’s three-month outlook for iron ore was cut to $85 a ton from $95. Futures in Singapore — which gained 2.9% on Monday — were 0.9% lower at $93.80 at 2:07 p.m. local time.Sports Betting Is Legal, and Sportswriting Might Never RecoverKPN calls EGM to appoint Mr Rob Shuter to the Supervisory Board
3U Holding AG's recent weak earnings report didn't cause a big stock movement. However, we believe that...Storms brought hail and heavy rain to Evergreen, Colorado, on Monday, August 19.The National Weather Service Boulder said a few storms on the plains were producing severe hail and heavy rain as well as flash flooding across parts of the state.Footage taken by Lynn Fraser shows heavy rain and hail hitting Evergreen on Monday.“This is fun,” she captioned the video.
Iron Ore Market Dynamics Citigroup Inc. Shreyas Madabushi Price Forecasts
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