Iron ore price

Iron ore prices for June 5, 2020: Not much in news.

Iron ore prices for June 5, 2020: We’ve stalled for now.

Iron ore prices for June 1, 2020: Spot somehow fell despite runaway futures which then reversed overnight.

Iron ore prices for May 29, 2020: Everything to the moon.

Apologies for lateness today.

Iron ore prices for May 26, 2020: Not pretty on a day of tearaway broader fakeflation.

Iron ore prices for May 22, 2020: Spot down on Hong Kong tensions.

Via the AFR comes a huge laugh out loud: China has changed its inspection procedures for iron imports under new rules that analysts say could be used to block Australia’s most important export, as trade tensions between the two countries escalate.

Iron ore prices for May 20, 2020: The latest high-frequency data from Capital Economics is not very good: If it were not for Brazilian risks these numbers would suggest that iron ore should be falling.

Iron ore prices for May 19, 2020: These price moves are all about a Brazil supply panic.

Iron ore prices for May 18, 2020: Whoho!

Via the excellent Damien Boey at Credit Suisse: “Hard” indicators in China improving.

Iron ore prices for May 187, 2020: We’ve now got a pretty good restocking pulse going.

Prices for May 15, 2020: Goldman has a wrap: Goldman Sachs says the iron ore price could retreat to $US70 a tonne as the market moves into surplus in late May-June before rebounding back to $US85 a tonne in the fourth quarter.

Iron ore prices for May 13, 2020: I see this latest strong price action as a combination of restocking, exaggerated by Brazil worries, and strong seasonality.

From Westpac’s excellent Justin Smirk: Coal prices tumbled in April, iron ore was more stable while base metals firmed a little Coal prices have been falling rapidly with the latest spot Qld met coal prices down –39% in the last three months and Newcastle thermal down –21%.

Iron ore prices for May 11, 2020: Not much in news but check this out: Suddenly the empty apartments recovery looks to be in trouble.

So says Grattan: Australia has an historic opportunity to create a multi-billion-dollar, export-focused manufacturing sector based on globally competitive renewable energy.

Iron ore prices for May 10, 2020: Spot jumped, I suspect over two days.

Iron ore prices for May 7, 2020: Spot didn’t rise but Banana Man is back in Dalian.