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Could the run be over for the Fortescue (ASX:FMG) share price?

Sumary of Could the run be over for the Fortescue (ASX:FMG) share price?:

  • The weakness in iron ore was triggered by new policies in China to curb carbon emissions and consequently, steel production and iron ore demand…
  • Early this week, the South China Morning Post reported an emergency municipal meeting occurred on the weekend during which factories were ordered to “limit or halt production on days when a heavy pollution alert was in place to reduce the overall emissions of air pollutants such as sulfuric dioxide or nitrogen oxide by 50 per cent”…
  • Broker downgrade A note has come out of Morgan Stanley today citing the emission policies in Tangshan could be the beginning of major iron ore market headwinds…
  • Morgan Stanley believes that the emission cuts could be a contributing factor that brings the iron ore market from its significant deficit to balance….

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