Iron ore price

From Macquarie:  In the physical market meanwhile there is a widening disparity between grades, with demand for high grade/low impurity fines and pellets in particular very strong as mills look to minimise their coking coal usage.

Iron ore price charts for November 11, 2016: Tianjin spot is…what it is at $79.70.

From Reuters: BHP remains “confident” of a 2017 restart, said BHP executive Daniel Malchuk during an interview in Rio de Janeiro.

From Macquarie:  Should metals markets fear or welcome Donald Trump’s shock victory in the US Presidential election?

From Bill Evans at Westpac: We have just witnessed one of the most volatile 24 hours in US equity markets on record.

Iron ore charts for November 19, 2016:   Tianjin benchmark rocketed 4.5% to $74.20.

Big Iron has finally capitulated to the building bulk bubble with everything screaming higher today.

From Macquarie:  China coal (including lignite) imports dropped 15% MoM but surged 55% YoY to 21.58mt, and YTD coal imports have jumped 18.5% YoY thanks to reduced China domestic supply after the “276 days” rule.

Iron ore charts for November 9, 2016:    Tianjin benchmark rocketed 4.7% to $71.00.

Let’s run through the big market moves as Donald Trump closes in on victory.

China’s inflation numbers are out and all about one thing: coal.

Cripes, this could send the bulk bubble into orbit, from John Kemp: And Macquarie: Australia’s Bureau of Meteorology has forecast a 67% chance of having more than the average 11 tropical cyclones over the 2016/17 season from November to April due to the prevailing weak La Niña conditions in the tropical Pacific Ocean.

Yesterday the People’s Bank of China said in its third-quarter monetary policy implementation report:   While creating neutral and appropriate monetary and financial environments for structural reforms and keeping liquidity reasonably ample, we should pay attention to curbing asset bubbles and preventing economic and financial risk.

Iron ore charts for November 8, 2016:   Tianjin benchmark jumped 1.5% to $67.80.

From Gina: Gina Rinehart’s $US7.2 billion Roy Hill project produced nearly 3.2 million tonnes of iron ore last month, indicating it has ramped up to nearly three-quarters of its 55 million tonne per year capacity.

From Macquarie:  Following several days of heavy pollution, China’s biggest steel city, Tangshan, has had its local government issue an urgent notice ordering all coking plants, sintering plants and blast furnaces to halt production from today.

Iron ore price charts for November 7, 2016:    Like wow.

Not much doubt about market action today.

From Macquarie:  Coal price strength over the past month has been underpinned by scepticism that Chinese production loosening is actually happening, and even if it is, that the volume is large enough to fill the entire deficit.

The Banana Republic has mounted its big, obnoxious mining truck and it’s bearing down on one poor sod in WA.

Sell!

Iron ore price charts for November 4, 2016:     Tianjin benchmark added 0.3% to 64.70.

Big Iron  is mixed today as Dalian opens -1% lower.

Spot on from Macquarie:  Iron ore prices have jumped by more than 18% since Chinese markets returned from their weeklong holiday in the first week of October, rising above $64/t, according to TSI, for the first time since the beginning of May.