Categories
Commodities
Iron ore collapses
Here are the iron ore charts for July 8, 2015: Benchmark Tianjin spot fell 11.3%, or $5.60, to $44.10 a tonne.
David Llewellyn-Smith
9 years ago
29
Glad you snapped up that FMG ponzi bond?
From Bloomie: Investors who bought $2.3 billion of iron miner Fortescue Metals Group Ltd.’s 9.75 percent securities in April have lost $255 million of market value in less than a month…Fortescue’s bonds traded at 96 cents on the dollar to yield 10.6 percent at 12:27 p.m.
David Llewellyn-Smith
9 years ago
5
RIO deep into the brown
As the day wears on the RIO share price wears with it, now down the better part of 3%, matching London.
David Llewellyn-Smith
9 years ago
3
Atlas sells rescuicide
From the ABC: Atlas has responded with a share market release today that outlines a number of contracts it has in place to secure floor prices, at least in the short term.
David Llewellyn-Smith
9 years ago
5
BHP, RIO, FMG hit with futures plunge
Big iron ore is taking it in the team but not as much as it should or will with BHP and RIO only down 2% plus and FMG down 4%: Fundies are in state of shock, clearly, there is much further to fall ahead.
David Llewellyn-Smith
9 years ago
21
Iron ore and steel have entered a screaming bloody crash
Here are the iron ore charts for June 7, 2015: The Qingdao iron ore price tumbled 5.12%, or $2.68, to $49.60.
David Llewellyn-Smith
9 years ago
36
Daily LNG price update (staggering)
Brent oil managed a little rebound overnight sitting at $57.10 as I write.
David Llewellyn-Smith
9 years ago
1
Big iron levitates as futures roll limit down
David Llewellyn-Smith
9 years ago
3
The next iron ore crash is BHP & RIO
Always looking backwards, the AFR has story today on the travails of the junior iron ore sector: What do you cut when there isn’t much left to cut?
David Llewellyn-Smith
9 years ago
14
Measuring Port Phillip’s iron ore happiness
Another dubious report out today from an economic consultancy engaged in a rent-seeker’s fight.
David Llewellyn-Smith
9 years ago
4
Daily LNG price update (oil crash 2.0)
Brent oil collapsed 6% overnight to $56.78 as I write.
David Llewellyn-Smith
9 years ago
Daily iron ore price update (reek of capitulation)
Here are the iron ore charts for July 6, 2015: Qingdao iron ore crashed 5.4% to $52.28.
David Llewellyn-Smith
9 years ago
25
BHP, RIO, FMG hammered with futures
David Llewellyn-Smith
9 years ago
11
Fortescue hits terminal support, Hell beckons
A picture is worth a thousand words as big iron sells: In technical terms, terminal support cracking.
David Llewellyn-Smith
9 years ago
19
Daily iron ore price update (wipe out)
Here are the iron ore price charts for July 3, 2015: The Qingdao iron ore price fell 0.7% to $55.26.
David Llewellyn-Smith
9 years ago
5
Daily LNG price update (new lows)
Brent oil test new lows in its post-crash recovery on Friday night, settling at $60.56.
David Llewellyn-Smith
9 years ago
1
Steel and iron ore wrap
David Llewellyn-Smith
9 years ago
BHP, RIO, FMG tank with futures
It’s awwn.
David Llewellyn-Smith
9 years ago
1
Daily iron ore price update (crash)
Here are the iron ore charts for June 2, 2015: Do not adjust your television set. Spot iron ore crashed yesterday. Benchmark Tianjin fell $3.10 to $55.80 and Qingdao spot fell $3.57, or 6.03%, to $55.63 a tonne. That’s a nice head and shoulders top in place with a busted neckline suggesting (on technicals) much more downside.
David Llewellyn-Smith
9 years ago
15
Anglo to slash and burn jobs
From The Times: Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits.
David Llewellyn-Smith
9 years ago
6
China rejects Aussie coal cargoes
From the AFR: China has been rejecting Australian coal cargos that don’t pass new import quality restrictions, and the local industry is concerned that the testing is being misused to favour China’s struggling coal industry.
David Llewellyn-Smith
9 years ago
46
Daily iron ore price update (“collapse”)
Here are the iron ore charts for July 1, 2015: Qingdao spot still falling and Tianjin benchmark was down 0.7% to $58.90.
David Llewellyn-Smith
9 years ago
3
Daily LNG price update (slope)
David Llewellyn-Smith
9 years ago
BHP, RIO, FMG tank on futures
Is the great iron ore miner bust finally upon us?
David Llewellyn-Smith
9 years ago
3
China’s steel PMI crashes
David Llewellyn-Smith
9 years ago
2
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