Iron ore prices to drop to $ 60/ ton - NAB

Analysts at National Australia Bank (NAB) is out with its iron-ore price forecast in the coming months,

Key Points via Bloomberg:

Expect iron ore prices to drop to $ 60/ ton.

The main reason cited is easing Chinese demand

Separately, Morgan Stanley sees iron-ore prices at $ 61/ ton for 2019 while for 2020, the metal is expected to average at $ 60/ ton.