Commodities

It’s bloody painful, but slowly iron ore is being ground down.

Steel prices keep falling.

The ferrous complex continues to fade away with steel in the lead.

The ferrous complex is unwinding.

The International Energy Agency, in its latest oil market report, raised historical demand estimates.

More yawnulus please.

The ferrous complex is going over a cliff of some sort led by steel.

Chinese steel futures buckled yesterday, both long and flat.

Steel in pancaked an iron ore hoping.

Steel sagged while iron ore firmed.

Steel is showing the tariff strain.

Much ado about nothing in iron ore.

A bit of a wallflower, though, and not much joy for steel.

China data over the weekend should encourage nobody. Goldman. China’s export growth remained solid in April despite the implementation of US reciprocal tariffs, significantly above the consensus expectations, and import growth also surprised to the upside (exports: +8.1% yoy, imports: -0.2% yoy).

Ferrous complex struggles continue.

The ferrous complex is still struggling.

The ferrous complex struggles on.

The ferrous complex continues to struggle.

It is the unsinkable metal ore despite falling steel prices.

The ferrous market is not strong. Data is all over the place. We’ve had strong Chinese credit, but much of it is debt swaps with only marginal growth impact. Goldman. March total social financing (TSF) flows and new RMB loans came in above market expectations, mainly due to strong expansion of short-term corporate loans.