Iron ore price

Iron ore prices for May 30, 2019: Spot was slammed again.

Spot down.

Time to ask the really hard question.

Iron ore prices for May 23, 2019: Everything stalled after Dalian warned speculators.

Via FreightWaves: According to chief executive officer Birgitte Ringstad Vartdal, “Golden Ocean’s first-quarter results reflect a weaker market environment brought about by disruptions in the iron-ore trade.” She explained on the conference call with analysts, “Going into 2019, there was strong conviction in the market.

Iron ore prices for May 22, 2019: Everything ripped the roof off.

Dalian iron ore still marching higher: Via Reuters: Steel mills have been operating at low inventory levels and only purchasing hand-to-mouth from ports due to high raw material prices.

Iron ore prices for May 21, 2019: Spot up.

Iron ore prices for May 20, 2019: Spot unchanged.

Iron ore prices for May 17, 2019: Be upstanding for the tone, something I thought we would never see again.

Iron ore prices for May 16, 2019: Spot to the moon.

Iron ore prices for May 15, 2019: Everything up on hopes of MOAR Chinese stimulus.

Iron ore prices for May 14, 2019: Spot, paper and steel down.

Iron ore prices for May 13, 2019: Spot down.

Iron ore prices for May 10, 2019: Spot is firm and right at break out.

Via Reuters: The NDRC last year had ordered local governments to help broker deals between zombie firms and their creditors, and to draw up restructuring plans by June 2019.

Iron ore prices for May 9, 2019: Spot firm.

Iron ore prices for May 8, 2019:   Spot down.

Iron ore prices for May 7, 2019: Spot soared.

Via Reuters: Brazilian miner Vale SA said on Monday that a court had ordered it to halt operations at its Brucutu iron ore mining complex, reversing a lower court decision that had allowed the mines activities to resume.

Iron ore prices for May 6, 2019: Spot down.

Some nice data from Clyde Russell: Australia’s iron ore exports rebounded in April after being hit by a cyclone the prior month, but the surge in shipments wasn’t enough to offset declining volumes from Brazil in the wake of January’s tailings dam disaster.

Iron roe prices for April 30, 2019: Everything up into the holidays and getting a lift from a lousy PMI implying MOAR debt.