- Iron-ore prices expected to fall to around $55/t by 4Q17, facilitating the needed contraction of low-quality Chinese production as Australia and Brazil ramp up high-quality capacity.
- Met-coal prices expected to fall toward $125/t, driven down by ample seaborne supply.
- Zinc's outlook remains fundamentally strong, even though prices may temporarily fall back in sympathy with the broader metals market.
- Aluminium's outlook is slightly more uncertain given rapidly-changing supply expectations in China, and prices jumped to a nearly three-year high in mid-August.
Read the full Scotiabank Commodity Price Index online at: http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/SCPI_2017-08-22.pdfScotiabank provides clients with in-depth research into the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary, fiscal and public policy issues. About Scotiabank Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $921 billion (as at April 30, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews. SOURCE Scotiabank