Iron ore price

Because it sells…semiconductors?

Iron ore charts for June 6, 2016: Tianjin spot rose 2.2% to $50.60.

Cross-posted from Investing in Chinese Stocks.

Big iron is back as the US dollar is panned and, well, just because: BHP is up 4.3%, RIO 3.5% and FMG 5.7% as Dalian also adds 1%.

Iron ore charts for June 3, 2016:   Tianjin spot jumped 3.2% to $49.50 a tonne.

Here’s the chart: Since the beginning of the little Chinese bubble in iron ore, FMG has re-rated upwards and is no longer trading in line with the price of its only product.

Iron ore charts for June 2, 2016: Tianjin benchmark was smashed 2.8% to $47.90.

Big iron is soldiering on manfully today as Dalian offers a little support.

I’ve been using Singapore (SGX) twelve month futures for some time to discredit Australia’s official iron ore price outlooks.

Iron ore charts for June 1, 2016:   Tianjin spot fell again -0.6% to $49.30.

The big iron stupid I’ve been enjoying so much of late has taken a blow to the head today with BHP down -3.2%, RIO -1.6% and FMG -1.2%: Dalian is up a couple of points from overnight selling despite very ordinary China PMIs and a plunging yuan so the stupid ain’t dead yet.

In its recent bullish outlook for big iron ore miners, Macquarie Bank mentioned the rising oil price as one possible positive given it may enable price rises.

Iron ore charts for May 31, 2016: Tianjin benchmark fell 1.4% to $49.60.

Let’s begin with Morgan Stanley: Smaller producers re-enter market: The lift in iron ore prices ytd has spurred there-entry of smaller producers into the seaborne market.Exports from Peru, Chile, New Zealand, Mauritania, Canada, Venezuela and Kazakhstan areall up so far this year.

Iron ore charts for May 31, 2016: Spot down with Tianjin benchmark -1.2% to $50.30.

Iron ore prices for May 27, 2016:      Tianjin spot was up 2% to $50.90.

From Macquarie:  We retain our positive ratings on FMG and RIO and suggest current iron-ore price weakness could present and excellent buying opportunity.

Iron ore charts for May 26, 2016: Tianjin benchmark eased 0.2% to 49.90.

From Macquarie:  The iron ore price decline continues, with The Steel Index 62%Fe CFR China reference dropping 4.7% on Tuesday to $50.2/t, the lowest level since February.

From Morgan Stanley: We believe the share price will fall in absolute terms over the next 60 days.

Create a clock, a really brightly coloured one: And voila!

Iron ore price charts for May 25, 2016: Tianjin benchmark fell 0.4% to $50.