Iron rallies but not for long, Morgan Stanley says

Note: This section contains information in English only.
Source: Bloomberg
Iron ore price increased by 0.4% to $145.8 per dry ton Wednesday on the Steel Index in China. The price peaked at $158.9 on 20th of February and was the most expensive in more than one year period. However, investment banks Morgan Stanley and Deutsche bank say that price will face a bearish pressure, since the supply will drastically increase this year. According to estimations, the price might drop to $130 level or even to $115.
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