Goldman Sachs revised outlook for iron ore prices
– For Q2 2016, Goldman Sachs has hiked their price forecast by 47% to $55 / metric ton
– Q3 2016 forecast up 20% to $45
GS do caution that the rally we’ve had in the price of iron ore will bring marginal supply back into the market (hence the more cautious 2017 & 2018 forecasts).