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Iron Ore, The Iron Ore Industry
blacksheep
post Posted: Dec 2 2018, 02:08 PM
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Iron ore sell-off reflects weaker overall economic, credit growth in China
QUOTE
Iron ore prices have tumbled nearly 15 per cent in the past three weeks, and the outlook through 2019 isn't particularly bright.


QUOTE
The spot price for ore with 62 per cent iron content ended November at $US65.95 a tonne, according to Fastmarkets MB, down from a November 9 peak of $US77.20. Iron ore was quoted as low as $US64.25 last Wednesday, the lowest since mid-July. There seems little imminent chance of a rebound.


https://www.afr.com/business/mining/iron-or...128-h18hpl?btis



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2018, 11:24 AM
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In Reply To: blacksheep's post @ Nov 2 2018, 01:58 PM

Iron ore is in free-fall
QUOTE
Iron ore prices collapsed on Monday.
The benchmark price recorded is largest decline in over 189 months. For lower and higher grades, the fall was the largest on record.
Reports of steel mills offloading existing inventory, due in part to a collapse in profit margins, was cited as a catalyst behind the move.
After hitting limit-down and staying there throughout Monday’s day session, Chinese iron ore futures continued to fall in overnight trade. Steel and coal futures bounced.

https://www.businessinsider.com.au/iron-ore...profits-2018-11



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 2 2018, 01:58 PM
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In Reply To: blacksheep's post @ Oct 19 2018, 11:04 AM

QUOTE
Iron ore prices fell again on Thursday, adding to the losses seen a session earlier.

According to Metal Bulletin, the spot price for benchmark 62% fines slid 0.6% to $75.25 a tonne, extending its slide over the past two sessions to over 2%.

Lower and higher grades also fell on Thursday.

The price of 58% fines slipped 0.9% to $45.52 a tonne, outpaced by a 1.1% fall in the price of 65% fines which settled at $96.90 a tonne.

It was the first time since mid-August that back-to-back declines were recorded across the three major grades.

https://www.businessinsider.com.au/iron-ore...uan-cny-2018-11





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Oct 19 2018, 11:04 AM
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Rising iron ore prices seem to defy economics
Reuters | about 7 hours ago |

QUOTE
(Bloomberg Opinion) — China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.Vale SA, Rio Tinto Group and BHP Billiton Ltd., which together produce close to half the iron ore dug up globally, have all reported figures for the September quarter that look remarkably robust. At Vale, quarterly output broke through 100 million tons for the first time on record with a 10 percent year-on-year increase. BHP managed the same production boost, with only Rio Tinto losing ground after a death at one of its pits in Australia’s northwest.

That confidence has been validated by prices for their key product. As we argued a couple of months ago, the trade tensions that have sunk LME copper in recent months actually proved rather benign for rust, which has risen about 10 percent over the past six months. The red metal, meanwhile, has fallen by the same amount.

The mystifying thing about this price action is that it’s confounded by China’s consumption data. Apparent demand – as measured by domestic production, plus net imports, plus drawdowns from port inventory – has slumped this year to its lowest level on a seasonal basis since 2010. August and September are traditionally the peak of the market, but the August figure this year has been lower than what we’ve seen around the Lunar New Year trough of late.


read more - http://www.mining.com/web/rising-iron-ore-...defy-economics/




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Sep 19 2018, 07:49 PM
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QUOTE
benchmark iron ore spot price surged on Tuesday, closing at a six-month high. However, the strength did not flow through to lower or higher grades during the session.

According to Metal Bulletin, the price for 62% fines jumped 2.5% to $69.82 a tonne, leaving it at the highest level since March 16.

In percentage terms it was the largest one-day gain since May 30, extending the rally from August 30 to 6%.

The gain may reflect speculation that Chinese policymakers will look to support the domestic economy following an escalation in trade tensions with the United States.
...
does it ever never hit a 6 month high?
Good to see it, though. Own quality and half the worry is removed.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 27 2018, 03:54 PM
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No increase in 2019 , and beyond?

Also, interesting how the gap between 62 and 58 has widened (Chinese as drivers)
https://www.macrobusiness.com.au/2018/08/future-iron-ore/



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Jul 3 2018, 12:46 PM
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Waning China demand to cut 20pc off iron ore price but it’s better news for copper
Melanie BurtonThe West Australian
Tuesday, 3 July 2018 9:02AM
QUOTE
Iron ore prices are expected to fall by more than one-fifth over the next two years as demand from China’s steel mills slips, while domestic and Brazilian output climbs, a new Federal Government report says.

In its quarterly Resources and Energy report, Australia’s Department of Industry said iron ore prices on a free-on-board (FOB) Australia basis are expected to slip to an average of $US51 a tonne in 2020, a drop of more than 21 per cent from Monday’s levels of $US65 a tonne, according to Metal Bulletin prices.

The report, which covers a range of resources, said quarterly prices will fall as China’s overall iron ore imports slow 0.6 per cent a year to 1.07 billion tonnes in 2020, with steel production easing in the world’s biggest consumer of metals

A positive outlook for industrial production and a seasonal rebound in construction activity in China’s spring will shore up prices to average $US59 a tonne FOB Australia this year, the government report said.

On the demand side, growth in global industrial production and manufacturing appears to have peaked in the first half of this year, the report said, suggesting resources prices may generally have set their highs for the cycle..

https://thewest.com.au/business/mining/wani...r-ng-b88884611z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jun 19 2018, 03:21 PM
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China's steel, iron ore futures slide amid trade spat with U.S.
QUOTE
MANILA/BEIJING, June 19 (Reuters) - Prices of steel and its raw materials [b]iron ore and coking coal fell sharply in China on Tuesday,[/b] with investor sentiment shaken by an intensifying trade spat between China and the United States.

The selloff in China also hit the stock market, with the key index falling below the key 3,000-mark for the first time in nearly 21 months, as well as other commodities including rubber, as investors returned from a public holiday on Monday.

https://in.reuters.com/article/asia-ironore...s-idINL4N1TL0TH



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 5 2018, 10:29 PM
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Iron-Ore Miners Bend to Chinese Preferences
Exporters of primarily low-grade ore now are making plans to build new mines and increase output of higher iron-content ore
QUOTE
China has been forcing the closure of older steel plants that typically use cheaper ore with a 58% iron content—and contribute to making Chinese cities among the smoggiest in the world. Low-grade ore leads to more smog than grades of 60% or more because it has to be combined with a lot more coal to produce a ton of steel.

https://www.wsj.com/articles/mining-compani...ills-1528117200



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 15 2018, 11:47 AM
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Copper, iron ore price jump sparks rally in mining stocks
Frik Els | about 3 hours ago

QUOTE
The iron ore price which has been defying expectations of a pullback for months gained on Wednesday with benchmark Northern China import prices rising to a five-week best of $78.25 a tonne. The last time thew steelmaking raw material traded above $80 was April 2017. Coking coal was also higher at $233.10 a tonne. Premium Australian exports were at $154 a tonne this time last year.

The bullishness spilled over to mining's heavyweights which outperformed broader gains on US equity markets.

Shares in world number one miner BHP Billiton (NYSE:BHP) gained 2.8% in New York while Anglo-Australian peer Rio Tinto (NYSE:RIO) added 1.8%. Both companies are worth more than $100 billion having doubled in value since the beginning of 2016 when the mining industry hit the bottom of the cycle.

http://www.mining.com/copper-iron-ore-pric...-mining-stocks/?

SP performance today for BHP, RIO and FMG on ASX shown on charts below
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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