Goldman Sachs with a Monday note on iron ore, a bit slow to the party IMO but here we go:

  • Price fall has further to go
  • Anti-pollution price in China coming winter months will hurt demand further: "The market has not fully priced the negative impact of environmental restrictions"
  • Supply from global mines is set to expand too: "On top of the steel production cuts described above, which imply weak iron ore demand over the next six months, iron ore supply fundamentals are also discouraging."

GS say it'll fall to $60 /metric ton by end of 2017