In the 3, 6, and 12 month forecast horizons.
- three month forecast is USD 85/ton, from $80
- six month forecast is USD 80/ton, from $75
- twelve month forecast is USD 70/ton, from $65
Citing lost production due to Vale's troubles in Brazil
--
Increasing prices for iron ore are a positive input for the AUD, but the woes of Vale and subsequent lost production are not new news and much of the expected price increase is in the rate. Chunky improvements in the China PMIs today and over the weekend is a positive for the AUD though.
