Iron ore price

Chinese inflation is sinking again. The CPI is stalled while the PPI gallops backwards. CPI: +0.1% yoy (+1.9% mom annualised*) in June vs. GS: -0.1% yoy, Bloomberg consensus: -0.1% yoy; May: -0.1% yoy (+0.5% mom annualised*). Food: -0.3% yoy in June (+6.2% mom annualised*) vs.

Ferrous markets are hoping against hope!

The ferrous market is bifurcating as traders wonder about the steel ouput cut.

The ferrous market is not a strong believer in Chinese steel production cuts so far.

Stocks only go up is back.

Ferrous lifted again Friday.

As I have noted for many years, managing money successfully in Australia is as stupid as the structure of the underlying economy.

This is going to be a great short.

DXY is falling, while Chinese PMIs are improving, but iron ore is moribund.

There’s a nice little head and shoulders bottom on iron ore futures that I hope runs for a bit on the broadening melt-up.

I love iron ore sometimes.

The ferrous market does not look well to me.

The ferrous complex is hardly inspiring confidence.

Many argue that iron ore is cheap.

The ~$95 support line gave way yesterday.

Slowly but surely, iron ore is breaking down.

How long can steel fall and iron ore not?

It’s not clear that the seasonal June slowdown is done for iron ore.

The ferrous complex is nothing flash, that’s for sure.

The lifeless ferrous market refuses to die.

It’s goodbye, Chinese steel prices.

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.