ANZ downgrades 2015 iron ore price forecast to $78 on weak demand

Australian investment bank ANZ is cutting its average 2015 iron ore price forecast by 22% to $78 per tonne, the bank said in a research note on Monday November 10.

A combination of tough government reform, a weak housing market in China and increasing supplies mean there will be little upside in iron ore prices over the next two years, ANZ said, adding that it did not expect iron ore prices to break the $100/tonne barrier in the next 12 months. Chinese steel...


Shu Zhu

November 10, 2014

13:30 GMT