nCoV-19 coronavirus, seaborne supply uncertainty to drive iron ore price volatility in 2020 - BHP

摘要

The outbreak of the novel coronavirus (2019-nCoV), intra-year demand volatility and seaborne supply uncertainty are likely to contribute to iron ore price volatility in the coming year, Australia miner BHP said. “If Covid-19 is effectively and demonstrably contained within the March quarter, we expect that an accelerated run-rate in the construction and manufacturing sectors for the remainder of the year can make up for the loss of activity at the outset of the year,” BHP said in its outlook report.