Commodities

I cannot comment on the prospects of the latest deal, but we can run some scenario analysis to assess the outcomes.

The ferrous complex remains paralysed with iron ore caught in an obvious trading range between $100 and $107.

Never let the truth get in the way of a good price rally in the iron ore market.

The iron jaws refuse to shut.

The ferrous complex reamins paralysed by the jaws.

Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so.

The ferrous jaws are still yawning wide.

The ferrous complex remains paralysed by overly high iron ore prices. I have switched to Shanghai HRC (purple) prices from the national average, which may help explain some of the stickiness in iron ore prices.

The ABS with the data.

The ferrous complex remains in a state of paralysis as hopeful traders fight a deteriorating reality.

The ferrous complex remains paralysed by an unsustainable iron ore price.

The ferrous complex is weakening fast, as it should.

IEEFA wants Albo to waste another $1bn on green iron.

The ferrous complex is buckling.

The ferrous jaws must close.

Steel is in freefall again.

The jaws must shut to restore steel mill profitability.

The ferrous jaws must shut.

Iron ore is riding high with the Pilbara killer one week away.

Sometimes markets are nothing more than denial machines.

The ferrous market is in a period of comprehensive excess that cannot last.

China HRC prices keep falling, indicating hot metal output is too high and must be cut to restore steel mill margins.

By Ashwin Clarke and Lucinda Jerogin, economists at CBA: Key Points: The price of gold has surged to new record highs this month, driven by safe-haven demand.

There is a commonly held economic narrative that Indian demand for commodities will compensate for the reduction in Chinese demand as China’s economy slows and rebalances toward a consumer-focused model.