Categories
Commodities
Moody’s warns on mining GFC
And so, the MB thesis goes mainstream with Moody’s onto it: » The commodity downturn is staggering in its breadth and severity.
David Llewellyn-Smith
8 years ago
31
Global PMIs sink
From Macquarie: A plunge in the US manufacturing PMI in November has taken our global manufacturing PMI measure to its lowest in over two years and on the brink of recession. In November our aggregate manufacturing PMI for the leading industrial powers1 50.5 in October (fig 1).
David Llewellyn-Smith
8 years ago
Cop 21 assaults coal
David Llewellyn-Smith
8 years ago
34
Daily LNG price update (pounded)
The Brent oil price was smashed 4% overnight to $42.80 as I write.
David Llewellyn-Smith
8 years ago
5
Big iron hangs on as futures slide
Big iron is holding on grimly as Dalian is again under pressure today down half one percent.
David Llewellyn-Smith
8 years ago
13
What’s killing metal prices in China?
From Macquarie comes a nice summary: The dominant influence for market sentiment, China’s property sector, continued to have weak investment data in October.
David Llewellyn-Smith
8 years ago
4
Mining GFC demolishes Brazil
The mining GFC has claimed another hefty scalp as it marches down the cost curve.
David Llewellyn-Smith
8 years ago
23
The RIO dividend will also be chopped
From Fairfax: Rio’s annual payout will be $US4.1 billion ($5.6 billion) this calendar year, while BHP’s costs $US6.6 billion a year.
David Llewellyn-Smith
8 years ago
1
RBA commodity price index hammered
Leith van Onselen
8 years ago
Daily iron ore price update (bloody Hell)
Here are the iron ore charts for December 1, 2015: What can I say?
David Llewellyn-Smith
8 years ago
13
Daily LNG price update (STO finger)
Brent oil sank last night to $44.22.
David Llewellyn-Smith
8 years ago
Roy Hill “whale” breaches off Port Hedland
From your ABC, what Citi described as the Roy Hill “whale” has breached off the cost of the Pilbara: West Australian mining magnate Gina Rinehart is on the cusp of sending her first iron ore shipment to Asia.
David Llewellyn-Smith
8 years ago
11
How $30 oil can bring down the global economy
From Fairfax: Energy consultant Dr Fereidun Fesharaki expects oil prices to slide to $US35 a barrel by the June quarter of 2016, in contrast to consensus forecasts which point to a gradual recovery from this quarter.
David Llewellyn-Smith
8 years ago
22
Dead cat roars for big iron
David Llewellyn-Smith
8 years ago
11
China steel PMI craters
Here it is, in all of its volatile glory: Nov.
David Llewellyn-Smith
8 years ago
3
And the iron ore miner profits carnage is….
From UBS: Diversifieds: All else equal, our BHP & RIO earnings estimates for CY 16 would be 80% and 51% lower, respectively, under a spot scenario.
David Llewellyn-Smith
8 years ago
10
Capital Economics is wrong on iron ore (and China)
In a note on Friday Capital Economics reassured investors that although iron ore is going to drop below $40 it won’t stay there for very long as supply closes.
David Llewellyn-Smith
8 years ago
7
Daily iron ore price update (pulverised)
Here are the iron ore charts for November 30, 2015: Tianjin benchmark fell 1.6% to a new post-GFC low of $42.80.
David Llewellyn-Smith
8 years ago
10
Daily LNG price update (Iran gusher)
The Brent oil price fell to $44.53 overnight as the world expects OPEC to do nothing at its forthcoming meeting.
David Llewellyn-Smith
8 years ago
1
Dalian iron ore limit down
The news flow today is not much fun for commodities.
David Llewellyn-Smith
8 years ago
22
RIO smashes support as big iron sinks
Big iron is sinking fast.
David Llewellyn-Smith
8 years ago
18
Gotti: Samarco to bury BHP
From Gotti: The BHP accounts reveal that the BHP carrying value of its Samarco shares is about $US1bn.
David Llewellyn-Smith
8 years ago
19
What’s priced-in for the mining GFC?
David Llewellyn-Smith
8 years ago
5
Mining leverage through the roof
Readers will know that the working assumption behind the MB outlook for global growth is that the commodities bust will continue as China slows, supply side expansions continue and the US dollar bull market stampedes ahead.
David Llewellyn-Smith
8 years ago
3
Daily iron ore price update (miners trashed)
Here are the iron ore charts for November 27, 2015: The Tianjin benchmark iron ore price fell 10 cents to $43.50.
David Llewellyn-Smith
8 years ago
11
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