Brokers warning high iron ore prices are unsustainable

Most analysts believe the iron ore price is set to tumble from current levels. Should investors in ASX mining stocks be spooked?

While the price of the steel making ingredient has pulled back from its high at around US$160 a tonne, it’s still within striking distance of its record at around US$150 a tonne.

There are several well-known and lesser-known factors that have pushed the commodity higher. Trade war tensions is the most recent event making the headlines, while Brazilian miner Vale SA’s weak production guidance is another.

Speculators adding to the iron ore price frenzy

But that’s only the tip of the iceberg. There’s a range of other factors keeping the iron ore price high and ASX iron ore producers well bid.

“The…