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Iron Ore, The Iron Ore Industry
nipper
post Posted: Sep 4 2019, 10:00 PM
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In Reply To: early birds's post @ Sep 4 2019, 09:54 PM

If you can have swing producers, then the Chinese are swing consumers. A tap that is adjusted frequently, manipulated some might say.

- I'm surprised pricing held up for so long!



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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
 
early birds
post Posted: Sep 4 2019, 09:54 PM
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In Reply To: nipper's post @ Sep 4 2019, 11:03 AM

The drop deepened amid sluggishness among the Chinese mills responsible for producing more than half the world’s steel, and concerns over future demand
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world's steel production has been about 30% over supplied every year for many years by now. as housing boom nearly ended around world-----hmmm!!! have to reduce steel production i guess.
we see the ore price diving even without vale on line. am not bullish on ore going forward.





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blacksheep
post Posted: Sep 4 2019, 12:23 PM
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In Reply To: nipper's post @ Sep 4 2019, 11:03 AM

Up and down like a yoyo biggrin.gif



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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
 
nipper
post Posted: Sep 4 2019, 11:03 AM
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QUOTE
Iron-ore prices posted their biggest one-month fall in almost eight years as China’s huge steel engine cools and global shipments of the commodity rise.

The price fell 27 per cent to $US85.85 a tonne by the end of August, the most since October 2011, according to S&P Global Platts.

The collapse was triggered by global trade tensions after US President Donald Trump threatened to impose new tariffs on Chinese goods, some of which went into effect Sunday. The drop deepened amid sluggishness among the Chinese mills responsible for producing more than half the world’s steel, and concerns over future demand.


- billions lost! I'll send out a search party



--------------------
"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: Sep 3 2019, 10:43 AM
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Iron ore prices surge
QUOTE
Speculation over increased infrastructure spending in China sent iron ore prices hurtling higher to start the week.

The spot price for benchmark 62 per cent fines jumped 7 per cent to $US90.58 a tonne, according to Fastmarkets MB, extending the rebound over the past two sessions to 11.2 per cent. Higher and lower iron ore grades also saw prices surge by 5.4 per cent or more for the session.

“China’s State Council reiterated its support for the domestic economy,” ANZ Bank senior commodity strategist Daniel Hynes said in a note to clients. “Among the points of focus, the country will look heavily at infrastructure projects.”

Vivek Dhar, mining and commodities analyst at the Commonwealth Bank of Australia, that along with speculation over infrastructure investment, the enormous gains may have been helped by low supplies of iron ore at Chinese steel mills.

https://www.theage.com.au/business/markets/...903-p52ncy.html



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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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early birds
post Posted: Aug 22 2019, 10:08 AM
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https://www.afr.com/markets/commodities/iro...20190822-p52jix


Iron ore's stunning fall to earth accelerated this week - credit to BHP - with the spot price now having tumbled almost 30 per cent this month.

The spot price, as reported by Fastmarkets MB, tumbled 6.3 per cent to $US82.38 a tonne at its Wednesday setting. It ended July at $US117.15; that's a 29.6 per cent retreat.

The catalyst was BHP's warning of global economic headwinds.




The most-traded iron ore on the Dalian Commodity Exchange, for January 2020 delivery, fell for a fifth session in a row on Wednesday, closing down 4.3 per cent at 589.50 yuan a tonne, its weakest finish since June 10. It slid as much as 5.4 per cent during the session.

The most-active coke contract, also with January 2020 expiry, dropped 1.1 per cent to 1963 yuan a tonne, its lowest close in nearly five months.

"(BHP's outlook) suggested the market could see considerable volatility in prices ahead as the market continues to adjust to supply disruptions," ANZ Research said in a note.
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even out of biggest producer VALE , the ore still over supplied???? ohmy.gif emmmm interesting!! unsure.gif


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blacksheep
post Posted: Aug 15 2019, 07:36 PM
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In Reply To: blacksheep's post @ Aug 5 2019, 02:58 PM

QUOTE
HONG KONG (Reuters Breakingviews) - Iron ore is feeling the pain of Beijing’s stimulus restraint. Prices for the steelmaking ingredient have cooled after a spike this year. That’s partly thanks to easing supply pressures. China, though, has yet to help demand by splurging on bridges and buildings to counter flagging growth. Government efforts to revive a cooling economy may be far less steel-intensive this time around.


read more - https://www.reuters.com/article/us-china-ec...t-idUSKCN1V50J4



--------------------
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: Aug 5 2019, 02:58 PM
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In Reply To: blacksheep's post @ Jul 25 2019, 08:25 PM

Trade Spat Puts Iron Ore Price Under Pressure
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Standby for another round of selling in the big three iron ore companies today in the wake of a slump in global prices on Friday after Donald Trump’s move to step up his trade war with China.

Rather than the prospect of more Brazilian iron ore coming onto the market pushing prices lower, it was Trump’s inflammatory tweets warning of another 10% tariff on $US300 billion of imports from China from September 1 that triggered Friday’s price plunge.

According to Metal Bulletin figures for 62% iron ore, the index price fell 6.9% to $US107.73 a tonne from $US115.68 on Thursday. That took the week’s losses to 9% from the previous week’s close of $US118.31 a tonne

Friday saw a big sell down in the price of BHP, Rio, and Fortescue shares on news that Vale (the big Brazilian miner) is now producing more iron ore.

That saw Rio shares lose 3.1% on Friday (and 3.5%) for the week, and3.3% in London on Friday night. BHP shares fell 3.7% on Friday and more than 5% for the week. BHP shares fell 4.7% in London on Friday.

Fortescue was the big loser – its shares slid 6.1% on Friday to be down 7.8% for the week.

Vale is producing iron ore at an annual rate of around 340 to 345 million tonnes a year, according to a company briefing last week. That compares to the estimated guidance for 2019 of 307 million to 332 million tonnes of iron ore and pellets.

That compares to around 400 million tonnes of iron ore and pellets (384.6 million tonnes of iron ore fines) in 2018.

Investors again failed to heed comments from Vale management that the higher production rate would need to replace 6 million tonnes of iron ore of offshore inventory that was drawn down in the first and second quarters to help maintain suppliers to customers.

Despite the higher rate, Vale again said last week it will take two more years, perhaps three for production and sales return to 2018 levels,

Most of that was from the company’s big Malaysian facility. That’s just over a week’s production from the company’s northern mining complex and means the ore will not be sold into the global market but used to replenish stockpiles.

https://www.sharecafe.com.au/2019/08/05/tra...under-pressure/

Currently.....
FMG down 6%
BHP down 2.99%
RIO down 3.25%




--------------------
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: Jul 25 2019, 08:25 PM
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In Reply To: blacksheep's post @ Jul 24 2019, 10:43 AM

News hit our IO miners today - had to happen
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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

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jul 24 2019, 10:43 AM
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Brazil's Vale to partially resume dry processing at Vargem Grande complex
QUOTE
SAO PAULO (Reuters) - Brazilian miner Vale SA has been authorized to partially resume dry processing operations at its Vargem Grande complex, which should add 5 million tonnes to annual production, the company said in a securities filing on Tuesday.


https://www.reuters.com/article/us-vale-sa-...x-idUSKCN1UI2WG



--------------------
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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