Group 1 - Iron ore prices have been declining due to weak demand expectations, reaching a nine-month low of $92.90 per ton in Singapore, breaking the critical support level of $93 per ton [1][3] - China's steel production in May decreased by approximately 7% compared to April, marking the weakest performance for May since 2018, which directly impacts iron ore demand [3] - Citigroup and Goldman Sachs have both lowered their iron ore price targets significantly, with Citigroup reducing its three-month forecast from $100 per ton to $90 per ton and its six to twelve-month target from $90 to $85 per ton [3] Group 2 - Goldman Sachs analyst James McGeoch noted aggressive selling by miners and spot traders, with initial market expectations for iron ore prices shifting from a range of $100-110 per ton to the current range of $90-95 per ton [3]
需求低迷，铁矿石跌至93美元创9个月新低，花旗、高盛双双下调目标价
Hua Er Jie Jian Wen·2025-06-18 03:58