OilPrice
Despite Goldman analysts highlighting the latest gloomy high-frequency economic data out of China, and others at the bank noting that iron ore’s “fundamental outlook remains bleak” with prices hovering around a multi-year low of $93/ton, a trader from the bank told clients on Tuesday that the base metal could be primed for a ‘short covering rally.’ “The desk turn slightly more constructive in the next couple of weeks…
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Iron Ore Prices Expected to Remain Low
Stephania Fleishman
08:12
Despite Goldman analysts highlighting the latest gloomy high-frequency economic data out of China, and others at the bank noting that iron ore’s “fundamental outlook remains bleak” with prices hovering around a multi-year low of $93/ton, a trader from the bank told clients on Tuesday that the base metal could be primed for a ‘short covering
