Commonwealth bank of Australia: with the growing supply of iron ore prices downward risk

Commonwealth bank of Australia: with the growing supply of iron ore prices downward risk

Summary

Commonwealth bank of Australia: with the growing supply of iron ore prices downward risk

Commonwealth bank of Australia: with the growing supply of iron ore prices downward risk
Commonwealth bank of Australia (CBA), an analyst at Vivek Dhar said, "for the whole of 2020, our iron ore is expected to remain weak," it said, is expected to the growth of the global ocean shipping supply, will quickly the import demand in China. Shipping supply will grow up to 4% for the year, including vale of Brazil to increase production and its recovery from last year's interruption.