Analyst Pin-board: Iron ore price may remain high in 2019
The iron ore price soared to the 5-year high and the Spot Index surpassed USD 100 per ton last week, exceeding the 2017 peak. The rally started when an iron ore mine operated by Vale halted production. The iron ore price soared 12.5% one month after the incident. The surge took us by surprise as the mine only accounts for 2% of 2019 global iron ore output. The Iron Ore Spot Index is now 40% higher than the beginning of the year and 59% higher than the same period last year.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.