Iron ore price

Iron ore charts for July 25, 2015: Tianjin benchmark barely budged up 0.2% to $55.80.

Dalian opened this morning and immediately rocketed 3% presumably on the back of the G20 nothing.

In the West Australian today: I know nothing about this tech.

Fairfax and News are both guilty of regular iron ore market blunders.

From Malcolm Turnbull: The Turnbull Government is delivering on its election commitment to support South Australia’s steel sector and workers at Arrium.

Iron ore charts for July 24, 2016: Tianjin spot was down 40 cents to $55.70.

From Aurizon today: What does a CEO have to do to get the arse?

From Fairfax comes a delay to the loan designed to save Arrium: The syndicate’s concerns centre on ensuring EFIC’s loan is only secured over Arrium’s Australian mining assets and not its other assets which includes a port, steel-making operations, and its successful Moly-Cop grinding balls business.

Iron ore price charts for June 21, 2016: Tianjin benchmark jumped 1.8% to $56.10.

From the World Steel Association: World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 136 million tonnes (Mt) in June 2016, the same figure as June 2015.

Iron ore price charts for July 20, 2016: Tianjin benchmark was unchanged at $55.10.

From BHP: No surprises there.

Iron ore charts for July 19, 2016: Pop!

From RIO’s Q2 quarterly production update: Shipments will have to accelerate in H2 to 170mt plus.

Iron ore charts for July 18, 2016: Tianjin benchmark was hit -2.8% to $56.20.

Big iron is down today as Dalian slides another one percent at the open with BHP -0.7%, RIO -0.9% and FMG -3%: FMG can fall right down $3.50 before threatening its uptrend: The idiocy spread has also bottomed: And its spread to 58% iron ore looks to have peaked.

From the ABC: Ratings agency Fitch has declared a debt default for BHP Billiton-Vale joint venture Samarco as “imminent or inevitable” by downgrading the company to “C”.

Iron ore charts for July 17, 2016: Spot eased, paper fell, rebar average appears to have topped.

From Credit Suisee: ■ Move to NEUTRAL: We raise our 12-month price target from $4.00 to $4.30 (in line with our DCF) and downgrade our rating from Outperform to NEUTRAL.

I hope you’re watching this, Nick Xenophon, from the AFR: Cast your mind back to last year and you’ll remember the self-styled mining magnate-of-the-people and Fortescue Metals chairman was railing against local competitors Rio Tinto and BHP for increasing iron ore production.