Iron-ore: Go long over next month – Goldman Sachs

Analysts at Goldman Sachs offer an optimistic outlook on iron-ore prices in the near-term amid hopes of China restocking.

Key Quotes:

“Recommend a long position in iron over the next month, as mills in China should restock soon with approach of spring construction season while strong credit data is easing demand concerns.

Expect iron ore price to fall to $65/ton by year-end amid supply response.”