Iron-ore looks promising in coming months – Goldman Sachs

Analysts at Goldman Sachs expect iron-ore prices to hold the gains, with the key reasons cited below.

Key quotes

“Demand ongoing from China, margin strength.”

“Any price weakness will not sustain in coming months.”

 "We reiterate our 6–12-month negative view on iron ore as we expect the market to enter a surplus in 2H21 on higher Brazilian exports."