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Iron ore rally continues but analysts foresee lower prices on weak demand

Seeking Alpha on - 6/9/2023 11:57:50 AM
Iron ore futures post their second straight weekly gain, led by optimism that top steel producer China is moving to support its faltering economy, which would boost demand prospects. The most-traded September iron ore (SCO:COM) on China's Dalian Commodity Exchange has jumped more than 7% this week and ended daytime trading Friday +3.

Goldman slashes iron ore forecast 18pc on weak demand

The Australian Financial Review - 6/6/2023 7:19:00 AM
The broker has downgraded its forecast on the price of the steelmaking ingredient to $US90 a tonne from $US110 for the half-year.

Iron ore prices at seven-week high; Metals extend gains | Commodities LIVE - 6/8/2023 8:05:00 AM
Iron ore prices are at a seven-week high. Metals extend gains. China may roll out hefty stimulus to boost domestic demand in the property sector. China's trade shrunk to a 13-month low. Catch the Commodities LIVE with Manisha Gupta to know more.

What commodity prices are telling us about the economy

YAHOO!Finance - 6/8/2023 1:45:00 PM
The commodity markets include everything from oil to copper to agricultural products. Katy Kaminski, AlphaSimplex's Chief Research Strategist tells Yahoo Finance Live what signals these markets are signaling about the global economy.

UPDATE 1-China's May iron ore imports up 4% y/y on resilient demand, improved steel margins

Reuters on - 6/7/2023 5:01:50 AM
China's daily hot metal output -a blast furnace product whose output is often used to gauge iron ore demand- among the 247 steel mills surveyed averaged 2.4 million tonnes in May, up by 0.6% on the year, according to a Reuters calculation based on data from consultancy Mysteel.

Iron ore price up on China stimulus hopes

Mining - 6/2/2023 4:24:00 PM
Market commentators continue to speculate about China rolling out additional stimulus to support its economic recovery.

The Commodity Price Bubble Has Finally Burst

Crude Oil Prices - 6/2/2023 3:51:00 PM
The epic commodity bull run that took off three years ago and saw commodity prices hit multi-decade highs has finally collapsed. From oil, gas and wheat to lithium, copper and iron ore, prices of ...

What Goldman’s new iron ore forecast could mean for the BHP share price

Motley Fool Australia - 6/6/2023 5:41:00 PM
The BHP Group Ltd (ASX: BHP) share price is marching higher today. But Goldman’s iron ore outlook could put BHP shares under pressure.

Better ASX 200 iron ore share to buy in June: Fortescue or BHP shares?

Motley Fool Australia on - 6/6/2023 7:45:00 PM
Invest in BHP Group Ltd (ASX: BHP) shares or Fortescue Metals Group Ltd (ASX: FMG) shares in June? That is the

Bulk Buys: Goldman slashes iron ore forecast as China property stimulus gives the commodity its ninth life

stockhead - 6/7/2023 2:52:00 AM
Goldman Sachs has dialled back its bullish stance on iron ore in 2023, just as prices stubbornly refuse to dip below US$100/t.

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