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.