Replies to post #6705 on The Rising Influence of Rising Affluence

[zipjet]

…The investment bank now forecasts an average iron ore price of $139 per tonne in 2013, down from an previous estimate of $144 per tonne. Goldman Sachs expects prices to slip to $115 per tonne in 2014 and then to $80 per tonne in 2015.

Those are dire predictions.

Any idea what the marginal costs are for the big producers? The high-cost producers?

Once production gets shut down it should slow the price decline.

ij

Bought CLF for the first time in memory yesterday but with the GS pricing forecast - may just take the gain or loss and wait for a better entry.