Commodities

Find below the iron ore table for January 21, 2014: The steady decline rolls on.

From Gina Rinehart’s AFR today: Gina Rinehart has continued to tip millions into the Roy Hill iron ore project in Western Australia, as confidence in the project builds on the back of loans secured in December.

Yes, the falling anvil has returned!

A note from Goldman Sachs today supports my bearish view on iron ore.

Welcome to 2014!

Iron ore charts as at 13 January 2014: From the AFR, iron ore prices are set to fall as Chinese steel demand softens: Iron ore prices are forecast to soften in the short term amid seasonal weakness in steel demand, higher port inventories and growing seaborne supply.

Iron ore charts for Jan 10th 2014 So another rough night for ore.

Iron ore charts for 9th Jan 2014.

Iron ore charts for Jan 8th 2014 12M swap is still falling with spot following, while futures are up a pip.

Daily Iron ore charts for 7th Jan 2014.

Iron market chart for 6th Jan 2014 So it looks like the rest of the market is catching up with the 12M swap price roll over as supply returns.

Sorry some technical difficulties this morning so only the price chart today.

Iron ore charts for the 2nd January 2014 and a couple of stories.

Iron ore charts for 31/12/2013, with the last day of the year showing continued stability.

Iron price update for 30th Dec 2013 shows a nice bounce across the market.

Still a bit of roughness in the iron market.

Looks like it’s getting a bit rough towards the end of the year in the iron ore market.

Macquarie were out with a note yesterday and, not that it is new to MB readers, the news isn’t good for coal in 2014.

The iron ore price tables for December 23,2013: Not much recent action.

An interesting counter-intuitive argument today from Mac Bank on iron ore for next year: On our current forecasts, we have more iron ore supply coming to market next year than demand.

FTAlphaville has a useful piece today from a couple of boffins at UBS trashing the future of commodities: First, the correlation between commodity and other asset price changes was near 20 per cent in the 1980s and 1990s.

The iron ore price table for December 19,2013: And in news, we have GS versus Rio: Rio Tinto Group (RIO) expects a decline next year in the price of iron ore, the source of most of its earnings, saying global supplies will increase.