It is reported that iron ore prices have rebounded sharply this year, many agencies are expected iron ore price will come down in 2017. Even Australia is also considered as the world's largest iron ore exporter, the iron ore prices will slow down after surged this year.

Australia has recently released the mid-year budget update, the government assumed that iron ore prices fell from current average US$68/ton to US$55/ton in 2017.

As Morgan Stanley and Macquarie Group and other banks were also expected iron ore prices to decline by 2017.