Analysts stay bullish as iron ore tops $100/mt for first time in 10 months

摘要

London—Analysts remained bullish on iron ore Friday, as expectations of further supply disruptions from Brazil on coronavirus pandemicrelated restrictions and continued strong demand from Chinese steelmakers pushed prices for 62% Fe fines delivered to China back over $100/mt for the first time in 10 months. Bank of America said in a report that it saw “iron ore higher for longer” and boosted its estimated average 2020 iron ore price by 15% to $86/mt, with its 2021 average up 10% to $71/mt.