Iron ore price

  Here is the price update for the iron ore complex for 8 January 2016: Spot and swaps are starting to clawback the gains made in the post Christmas rally, with Dalian futures slumping alongside other risk assets during the Chinese stock market rout.

Here are price and chart updates for the iron ore complex for 7 January 2015: Spot and swap prices resume their downward fall as rebar slips ever so slightly.

More job losses for the mining industry as Grange Resources announce possible job cuts even as it lifts its production to new heights.

Here are price and chart updates for the iron ore complex for 6 January 2015: Rebar is surprising on the upside, while spot and swaps are reverting back to their long term trendline as expected.

Here’s the price update and charts for the iron ore complex, and unimpeded by the crash and lockdown in Chinese equity markets, spot ore and rebar prices surged 2%: No such luck on the swaps or Dalian futures though, so this “tear” could end in tears as restocking finishes.

Here are the iron ore charts for January 4, 2016: As you can see we’ve had a big jump since last reporting before Christmas – but its much ado about nothing.

The big resources bear market rally is off and running with BHP up 4.2%, RIO up 3.2% and FMG up 3.5%: This is pretty mild stuff for a short squeeze suggesting either that it has not gotten going yet or it isn’t going to.

From Bloombergo: After a rough 2015, all Paula de Souza Vieira wanted — like millions of other beach-obsessed Brazilians who flood the coast at year-end — was a good vacation.

From the AFR comes a journalist disappearing into the RIO PR slag pit: Unassailable.

Some…err…journalistic correction today from Fairfax: Loss-making iron ore miner Atlas Iron has been granted some breathing space by the majority of its lenders, who have agreed to a plan to cancel $US132 million ($183 million) of their debt in exchange for options and shares in the junior exporter.

Here are the iron ore charts for December 23, 2015: Spot stable with Tianjin benchmark unchanged at $40.20.

Some relief today for big iron, finally, with BHP up 3.5%, RIO up 5% and FMG up 4%: Dalian is down a point of two so it’s not that.

From Fairfax: Loss-making iron ore miner Atlas Iron has been granted some breathing space by most of its debtors, who have agreed to a plan to cancel $US132 million ($183 million) of their debt in exchange for options and shares in the junior exporter.

Big iron can’t catch a bid despite the rising ore price hinting firmly at a gathering de-rating for the sector, and not before time.

Here are the iron ore price charts for December 21, 2015: Spot still firming with Tianjin benchmark up 0.2% to $39.40 but it is lagging paper now which flamed-out after a rip higher yesterday.

Big iron can’t find a bid today despite the incipient price rebound with BHP up 0.2%.

Here are the iron ore charts for December 18, 2015: Spot up with Tianjin benchmark up 2% to $39.30. Paper too with a Dalian rip. Rebar up. Port stocks rocketed 1.9 million tonnes (mt) to 92.4mt.

From Business Insider’s David Scutt: If there’s one thing Australian markets types love to talk about at present, it’s the slumping iron ore price…There’s a sense of doomsaying about this; it’s going down the gurgler, taking the industry and Australia with it.

More falls today for big iron and gas but the hope is still plain as spreads between local and international prices widens.

Here are the iron ore price charts for December 17, 2015: Tianjin benchmark was up 0.7% to $38.50.

The rally is struggling already.

Here are the iron ore charts for December 16, 2015: Tianjin benchmark was up 1.8% to $38.20.

Finally some relief for Trevor Sykes today as a dead cat bounce send BHP up 4.3%, RIO up 2.4% and FMG up 1.7%: I can’t see much future in it personally but perhaps Santa can outweigh reality for a little while.