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27 Jun 2017

2017 Iron-ore forecast cut 15% to USD 63/ton – Morgan Stanley

In its latest note published on Tuesday, the analysts at Morgan Stanley, the US investment bank, slashed the price-forecasts for iron-ore for this year.

Key Details:

Iron ore Q3 forecast cut 23% to USD 50/ton

2017 forecast cut 15% to USD 63/ton

The view downgrade by Morgan Stanley can be considered a negative input for the resource-linked AUD.

Jun 27, 2017

Iran’s largest oil terminal boosts capacity to 8 million bpd

Oilprice.com reported weekend’s comments by Pirouz Mousavi, the managing director of the Iranian Oil Terminals Company (IOTC), late-Monday, citing tha
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Jun 27, 2017

Brent oil - Technical correction gathers pace, eyes US inventories data

The technical correction in oil prices gathered pace, with Brent contract now attempting a bullish break of the falling channel.  The front month con
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