| Citi expects iron ore prices to fall into the $US30s in the second half of 2015, with the prices of other commodities – coal, oil and grain – also expected to weaken. Citi's third quarter outlook, titled Sorting through the asset market bargain bin, stated that "rebounding Australian exports, lower Chinese steel production, mine re-starts and ramp up of new supply are expected to push iron ore prices below $US40 per tonne."
Iron ore was most recently trading at $US50.30 per tonne after falling to $US44.59 earlier in the month. "The iron ore market continues to suffer from the three Ds: weak Chinese steel demand, cost deflation, and deleveraging among traders and steel mills."..............................................Full Article: Source
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