Iron ore price

Iron ore charts for September 28, 2016: Tianjin benchmark fell 0.5% to $55.90.

I didn’t bother commenting much on last week’s “bondcano” debate in the MSM, from The Australian: Australian stocks trading at a premium are looking vulnerable as the bond market “erupts” from recent lows, according to Credit Suisse, which names Transurban, Sydney Airport, Healthscope and Crown as among those on shaky ground.

Big Iron is running on the spot at the moment with BHP -0.7%, RIO -0.3% and FMG 1.4% as Dalian is up 1% today: BHP is still fighting to break through its bullish ascending triangle pattern and FMG may be forming a mighty double-top but neither is confirmed.

From Macquarie:  Almost exactly a decade after the merger of Arcelor and Mittal and Tata’s takeover of Corus, and steel mega-deals are back in vogue.

Brent oil was clubbed lower to $46.41.

Iron ore prices for September 27, 2016: Tianjin spot eased to a half percent $56.20.

Dalian is down 2% today taking Big Iron with it.

Iron ore charts for September 26, 2016: Tianjin spot fell 0.2% to $56.40.

BHP is still trying to break its bullish ascending triangle pattern today down -0.2%.

From the AFR: Goldman Sachs Group has responded to the dramatic coking coal rally by saying higher prices for this year’s best performing commodity may be here to stay.

Tianjin spot rose 0.5% to $56.60.

Big Iron is running again as Dalian adds a few points.

From Macquarie’s latest Chinese steel mill sentiment survey:  Orders and sales: Mills reported improved domestic orders over the past one month, driven by a clear pick-up in orders from infrastructure, construction and auto sectors.

Iron ore charts for September 22, 2016: Tianjin spot jumped 1.6% to $56.30.

Coppo says load up, at the AFR: It’s game on.

From Reuters: The talks have since slowed down significantly and “Vale has expressed that they are less enthusiastic at the moment”, Fortescue Chief Executive Nev Power told Reuters on Thursday.

Here’s the latest from Reuters in iron ore: Surging coal prices are prompting many Chinese steel mills to opt for higher grade iron ore to boost efficiency and use less coal, forcing suppliers of low-grade ore from India and Iran to offer deep discounts to attract buyers.

From Macquarie: According to the latest CISA 10-day statistics, in the first 10 days of September its member mills’ daily crude steel production climbed by 4.65% from late August to 1.76mtpd, which is the highest production rate since June this year.

From Macquarie:  Metals and bulk commodity markets are in the midst of a mini-renaissance, with the vast majority of those we cover showing gains over the levels seen at the start of the year.

Not much fun for equities today.

Poor old BHP is suddenly fighting a losing tax battle on two fronts.

Iron ore price charts for September 20, 2016: Tianjin benchmark was unchanged at $55.30 despite a bid in paper markets.

Big Iron is back, pinning its hopes to China’s suddenly gob-smacking property bubble (pun intended) with BHP 1.2%, RIO 1.5% and FMG 2.1% and again pushing $5: Dalian has opened soft after last night’s gains and I really can’t see the upside here.

Iron ore price charts for September 19, 2016: Tianjin benchmark fell 0.4% to $55.30.