** NMDC Ltd, India's biggest iron ore producer, falls 1.3 pct ** Motilal Oswal Securities downgrades the stock to "sell" from "buy" and cuts price target to 104 rupees from 161 ** NMDC's pricing still non-competitive, despite steep price cuts, says Motilal Oswal ** Cuts EBITDA estimates by 36 pct and 42 pct for FY16 and FY17, respectively ** Steep correction in iron ore prices and rising capital commitment to the steel project will squeeze dividend payout-Motilal Oswal (Reuters Messaging: indulal.p.thomsonreuters.com@reuters.net)

Choose your answer: based on the paragraph above can we conclude that "Iron ore prices are affected by the weather in the Indian Ocean."?

Select from:
 (1). Yes
 (2). It's impossible to say
 (3). No
I think the answer is
(2).