01.09.2016 - Iron Ore Dubbed ‘Least Favorite’ by Clarksons as Miners Sink
Iron ore faces renewed pressure and prices may sink back below $50 a metric ton before year-end as rising supply offsets an improvement in Chinese demand, according to Clarksons Platou Securities Inc., which dubbed the raw material its least favorite commodity. There’s been a pickup in exports this month after a weak performance in July, said Jeremy Sussman, an analyst at Clarksons Platou in New York. Even as steel output in the largest supplier is set to remain resilient this year, iron ore may sink into the high-$40s, he said in e-mailed comments...............................................Full Article: Source
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