Iron ore price to average $55/t in 2017

19 December 2016

The average price of 62-percent iron ore will be $54.7 per ton CFR China in 2017, a Reuters poll showed.

The average forecast price is $51.1 per ton for 2018.

No increase in demand for expensive Chinese ore is expected and the global benchmark price will remain at $60-$70 per ton, said Maxim Khudalov, director of corporate ratings group ACRA.

In 2015, iron ore averaged $55.3 per ton and was $51.6 per ton* in the first half of 2016.

Source – Reuters