Brazilian iron ore logjam easing?

Via FreightWaves: According to chief executive officer Birgitte Ringstad Vartdal, “Golden Ocean’s first-quarter results reflect a weaker market environment brought about by disruptions in the iron-ore trade.” She explained on the conference call with analysts, “Going into 2019, there was strong conviction in the market. Additional tons of iron ore were to come from Brazil


What does Make Australia Stupid Again want?

Via the Saturday Paper’s Mike Seccombe: Clive Palmer is not delusional. Those too-good-to-be-true promises, the 151 hapless, hopeless candidates running in every lower house seat, the risible “shadow minister” titles, have been set up to create the illusion of a serious party with a broad suite of policies and deep interest in the disparate concerns


How big is the iron ore supply hole?

Some nice data from Clyde Russell: Australia’s iron ore exports rebounded in April after being hit by a cyclone the prior month, but the surge in shipments wasn’t enough to offset declining volumes from Brazil in the wake of January’s tailings dam disaster. Australian exports were about 69.1 million tonnes in April, according to preliminary


Daily iron ore price update (peak is in)

Iron ore price for April 25, 2019: Spot down. Paper down. Steel down. I believe the peak is in here as China’s southern rainy season builds and delivers the May/June bulks correction. Beyond that, there is reason to believe we’ll see further steady declines in average prices. Chinese demand is waning, via Bloomie: The top


Daily iron ore price update (future pain)

Iron ore prices for April 22, 2019: Spot firm. 12 month futures sagged as supply is responding. Steel OK. Here’s the problem a year and more out, via Bloomie: Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through