Iron Ore - Forecast

Iron Ore is expected to trade at 62.26 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 49.95 in 12 months time.


Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Energy Price Day Q3/18 Q4/18 Q1/19 Q2/19
Crude Oil 66.4835 0.69 1.05% 69.8664 66.1938 62.7131 59.4093
Brent 72.0661 0.36 0.50% 73.8612 70.0119 66.3652 62.9056
Natural gas 2.9517 0.01 0.17% 2.6281 2.3970 2.1864 1.9942
Gasoline 2.0084 0.03 1.54% 1.9367 1.7695 1.6164 1.4769
Heating oil 2.1117 0.01 0.69% 2.0522 1.9427 1.8389 1.7407
Ethanol 1.3450 0.02 -1.18% 1.3284 1.2576 1.1907 1.1275
Naphtha 629.75 0.18 0.03% 623.00 595.29 568.82 543.46
Propane 0.95 0.00 0.33% 0.88 0.82 0.75 0.70
Uranium 26.2500 0.00 0.00% 21.3045 19.7760 18.3600 17.0427

Metals Price Day Q3/18 Q4/18 Q1/19 Q2/19
Gold 1,191.21 5.80 0.49% 1,226.85 1,197.44 1,168.65 1,140.62
Silver 14.7549 0.03 -0.18% 15.3526 14.7050 14.0847 13.4900
Platinum 795.90 14.15 1.81% 808.86 778.70 749.63 721.65
Palladium 909.49 1.01 -0.11% 893.18 844.43 798.32 754.67
Manganese 41.00 0.00 0.00% 36.07 34.23 32.49 30.83
Neodymium 407,500.00 0.00 0.00% 390,598.00 367,648.50 346,027.00 325,650.50
Rhodium 2,360.00 10.00 0.43% 2,160.11 2,064.74 1,973.43 1,886.20

Agricultural Price Day Q3/18 Q4/18 Q1/19 Q2/19
Soybeans 880.3875 1.11 -0.13% 815.0000 782.0000 750.0000 720.0000
Wheat 541.4310 19.07 -3.40% 520.0000 480.0000 450.0000 400.0000
Cotton 83.10 1.35 1.65% 80.00 78.00 75.00 76.73
Rice 10.2588 0.09 -0.88% 11.0000 12.0000 12.5000 12.3100
Cheese 1.5640 0.00 0.00% 1.5500 1.4900 1.4300 1.3800
Palm Oil 2,215.00 11.00 0.50% 2,400.00 2,500.00 2,300.00 2,440.00
Milk 15.02 0.01 0.07% 14.60 13.90 13.30 12.70
Rubber 162.40 2.40 1.50% 160.00 180.00 200.00 220.00
Coffee 97.00 4.20 -4.15% 120.00 120.00 130.00 116.30
Wool 2,089.00 0.00 0.00% 2,100.00 1,900.00 1,950.00 1,800.00
Tea 3.24 0.00 0.00% 3.20 3.30 3.20 3.15
Cocoa 2,198.00 83.00 3.92% 2,650.00 3,000.00 2,600.00 2,536.13
Lumber 474.40 1.90 0.40% 490.00 500.00 520.00 500.00
Sugar 10.09 0.09 -0.88% 11.00 12.00 13.00 12.40
Orange Juice 156.10 0.75 0.48% 155.00 140.00 135.00 130.00
Canola 511.30 0.40 0.08% 560.00 540.00 480.00 475.00
Oat 260.5893 1.50 0.58% 280.0000 250.0000 240.0000 240.0000
Corn 363.7088 1.00 -0.27% 330.0000 350.0000 320.0000 320.0000

Livestock Price Day Q3/18 Q4/18 Q1/19 Q2/19
Live Cattle 109.3541 0.28 -0.25% 100.0630 94.0592 88.4174 83.1055
Lean Hogs 56.4807 2.00 -3.41% 74.0380 65.4730 57.8958 51.1978
Beef 9.62 0.03 -0.31% 9.18 8.96 8.75 8.54
Poultry 3.89 0.00 0.00% 3.31 2.95 2.62 2.33
Feeder Cattle 149.5245 1.08 -0.71% 145.5878 138.7118 132.1720 125.9378

Industrial Price Day Q3/18 Q4/18 Q1/19 Q2/19
Copper 2.6647 0.04 1.53% 2.7236 2.5719 2.4286 2.2933
Steel 4,562.00 32.00 0.71% 3,559.30 3,143.40 2,776.27 2,452.26
Bitumen 3,182.00 28.00 0.89% 2,857.23 2,567.21 2,306.77 2,072.41
Coal 106.50 1.35 -1.25% 107.38 102.35 97.57 92.99
Cobalt 64,250 0.00 0.00% 70,878 67,208 63,724 60,428
Lead 1,962.50 51.50 -2.56% 2,245.71 2,114.03 1,990.22 1,873.57
Aluminum 2,030.00 18.00 -0.88% 1,984.94 1,879.50 1,779.72 1,685.18
Tin 18,705.00 90.00 0.48% 19,068.04 18,426.78 17,807.23 17,209.38
Zinc 2,389.50 2.50 -0.10% 2,700.90 2,564.66 2,435.53 2,312.66
Nickel 13,390.00 160.00 1.21% 13,256.89 12,243.54 11,309.12 10,445.04
Molybdenum 25,000.00 0.00 0.00% 24,325.00 23,667.50 23,030.00 22,407.50
Iron Ore 67.50 0.00 0.00% 62.26 57.85 53.75 49.95
Soda Ash 1,828.57 0.00 0.00% 1,943.82 1,858.64 1,777.33 1,699.47
Lithium 121.14 0.02 0.02% 118.96 113.76 108.79 104.04

Index Price Day Q3/18 Q4/18 Q1/19 Q2/19
LME Index 2,887.60 0.00 0.00% 3,040.42 2,929.34 2,822.37 2,719.50
S&P GSCI 2,649.12 13.42 0.51% 2,681.33 2,589.42 2,500.57 2,414.78
Baltic Dry 1,727.00 4.00 0.23% 1,338.58 1,214.01 1,100.95 998.51
CRB Index 194.34 0.42 0.22% 197.14 192.02 187.02 182.16

TRADING ECONOMICS forecasts are based on its analysts expectations and proprietary global macro models. We work hard to make sure any information we present is accurate and reliable. However, our forecasts are not recommendations to buy or sell nor we are a registered investment adviser. Moreover, the past performance of our models is not necessarily indicative of future results.