Australia recently released the forecast that the average iron ore price in 2018 52.6 US dollars / ton. As in 2017, the price of iron ore in 2018 will also fluctuate sharply.
It is estimated that Australia's iron ore exports will reach 880 million tons by 2018, an increase of 8% over the same period of last year; Brazil's exports will reach 400 million tons, up 5% over the same period of last year. Iron ore prices more depend on China's demand. Demand in China is still strong, but from the second half, Brazil's iron ore will enter the market on a large scale. Therefore, the price of iron ore will be gradually reduced from the current 76 US dollars.
Due to environmental pressure in China, it is expected that it will not continue to increase the scale of imports and will instead turn to high-quality ore with low pollution discharge. However, European countries, India and South Korea will digest new iron ore.