| From Bloomberg: Goldman Sachs JBWere Pty cut its forecasts for iron ore and coal, saying prices will remain unchanged next year as "deteriorating'' global economic growth will curb demand for raw materials.
Goldman expects iron ore contract prices for the year starting April 1 to stay at 144.66 cents per dry metric ton unit, down from a Sept. 17 forecast for an 18 percent increase, analysts led by Melbourne-based Malcolm Southwood said in a report. Coking and thermal coal prices may also remain unchanged in 2009, down from earlier estimates for gains of 10 percent and 20 percent respectively..... Full Article: Source &sid=aWWJ10DBXJ5I&refer=australia
|