Australian LNG

The hopium persists today for big iron as Dalian opens and crashes suggesting another 5% drop in iron ore Monday if it holds.

Big iron is sucking on the hopium pipe again today up strongly as Dalian again opens down -1%.

Too long to cut into the thread but click here to read Jeremy Grantham’s latest, a begrudging back flip of his Malthusian thesis.

There is nothing like equity market hope.

The Brent oil price bounced hard last night as the EIA upped its demand forecasts for the next two years.

Dalian is open and ScoMo wishes it wasn’t as it has immediately sunk -2% from yesterday’s close.

Brent oil finally got the treatment last night as markets managed to swallow that an Iran hawk running Saudi oil policy was not a bullish development.

The Brent oil price rose Friday night on Canadian supply threats to $45.32.

It’s hope time today on the ASX after yesterday’s shellacking as Dalian falls another -3% but big iron hangs on.

Brent oil fell settled down a little at $44.91 after a wild night of trading.

The Brent oil price was hit more solidly last night as the news that OPEC’s freeze is on the verge of new highs in output instead percolates bullish mindsets.

The Brent oil price was hit Friday night to finish at $47.39.

The Brent oil price continued its charge last night settling at $47.58 as I wrote.

They won’t die wondering as Dalian is now up some 17 points from yesterday’s close and big iron is lovin’ it with BHP 4%, RIO 3% and FMG 5.5%: How do you say “don’t fight the Fed” in Mandarin?

From Deloitte: The March quarter edition marks the 15-year anniversary of the Investment Monitor publication, arguably the most comprehensive listing of Australian investment projects and an important source of analysis and information for economists, policymakers and stakeholders alike.

The Brent oil price is unstoppable at the moment up strongly again to $47.

Just kidding, both are sells. But right now the relative valuation differentials are stark, from UBS comes their weekly estimate of the earnings outlook versus current spot prices: All else equal, our BHP & RIO earnings estimates for CY16E would be 97,815% (very low base) and 150% higher respectively, under a spot scenario.

The Brent oil price leaped to a new high last night as a softish US dollar, bets on a dovish Fed and the API report showing some draw on US inventories: Again the market seems to want to see US oil rigs rolling out once more.