Iron ore price

Iron ore is off and running with spot above $200, paper still going higher overnight and steel out of control: How high we get now is anybody’s guess.

Recent Morrison Government warmongering took a breather yesterday after the CCP struck back by suspending the China-Australia Strategic Economic Dialogue.

Iron ore spot prices jumped again overnight, up $3.05 to $192.70.

Most markets are closed in China but iron ore spot is trading, up $3.20 to $189.65.

The iron ore market is closed for China’s Labour Day holiday but there is a range of material to report upon.

The ferrous complex cooled off Friday April 30, 2021 with spot down, paper down more but steel firm: We are into the May seasonal price falls now.

by Chris Becker Yet another record high in iron ore prices yesterday as spot prices barrel in on the $200 level, while rebar and coking coal futures took a breather, as calls begin to mount to “stabilise” the market.

by Chris Becker More new highs for the iron ore complex yesterday as “structural contradiction of supplies and a shortage in medium and high-grade products” continue to elevate the primary product to ever new levels.

The ferrous complex went nuts on Friday 23 April, 2021 with spot higher, paper flying and steel powering on: CISA mid-April steel output was still crazy: China efforts to sit on the market have completely backfired now.

Treasurer Josh Frydenberg is on the hustings lording it over China today.

The ferrous complex was mixed on April 21, 2020 as spot iron ore fell, paper and steel lifted: Expect the strong pricing run to persist through next week right up to the Labor Day week holiday.

The ferrous complex went nuts yesterday, hitting the highest prices since 2011.

The ferrous complex soared to new highs again yesterday with spot charging, paper up more overnight but steel sagging: There is doubtless strong demand driving this.

The ferrous complex rallied further on April 16, 2021.

Some very important articles today point to the sticky wicket that Australia’s huge iron ore trade is now playing on.

The ferrous complex was mixed overnight but it is once again party time for iron ore as strong seasonals combine with a falling DXY to deliver a surge in prices.

Yesterday the ferrous complex was mixed as spot eased, paper lifted and steel fell: The headwaters of iron ore demand are increasingly ruffled.

One of the less well-understood dimensions of Chinese economic restructuring is the travails of its corporate bond market.

The ferrous complex resumed normal programming yesterday after Monday’s whacko action.

The ferrous complex bifurcated violently yesterday as Chinese premier Li Keqiang stuck his foot in his mouth.

The ferrous complex was strong last week as Chinese steel prices soared on the back of the steel output cuts.

The ferrous complex was mixed on April 8, 2021 as spot iron ore declined and paper markets rallied overnight.