Analysts disagree on 2006 iron ore prices
Increasingly divergent views seem to be emerging about the future direction of iron ore prices.
Spot prices for iron ore from India, Australia and Brazil have risen by as much as 86% this year. However, investment banks ABN Amro and Macquarie are forecasting another rise in prices in 2006. Conversely, analysts at the BMO Nesbitt Burns brokerage are saying that iron ore prices are not sustainable, and predict that the average iron ore price will fall by 12.4% in 2006.
Amro, which previously forecast "unchanged," now apparently thinks that the iron ore price will go up in 2006 by 10%.
For a fuller opinion on future iron ore prices, see: http://www.purchasing.com/article/CA629050.html?industryid=21950
blogger@steelonthenet.com
Spot prices for iron ore from India, Australia and Brazil have risen by as much as 86% this year. However, investment banks ABN Amro and Macquarie are forecasting another rise in prices in 2006. Conversely, analysts at the BMO Nesbitt Burns brokerage are saying that iron ore prices are not sustainable, and predict that the average iron ore price will fall by 12.4% in 2006.
Amro, which previously forecast "unchanged," now apparently thinks that the iron ore price will go up in 2006 by 10%.
For a fuller opinion on future iron ore prices, see: http://www.purchasing.com/article/CA629050.html?industryid=21950
blogger@steelonthenet.com
posted by sotn @ 11:19 AM permalink
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