Iron ore price

If it digs, buy it!

From BHP: No word yes on the mine re-opening.

Here are the iron ore charts for March 2, 2015: Spot jumped with Tianjin benchmark up 2.4% to $51.60.

Shares are off to the races today after the wild lead from offshore markets and the local GDP beat.

From UBS: Tangshan’s International Horticultural Exhibition opens 29 April Tangshan, in Hebei province in China, opens its International Horticultural Exhibition from 29th April to 16th October – about 5½ months in total.

From The West Australian: Rio Tinto’s WA workforce is bracing for another big round of layoffs, with the company expected to slash up to 700 local jobs in coming months.

Here are the iron ore charts for March 1, 2016: Spot launched with Tianjin benchmark up 3.1% to $50.40.

Shares are holding up today despite the economy clearly deteriorating.

Here are the iron ore charts for February 29, 2016: Tianjin benchmark spot fell 0.2% to $48.90.

It’s BTFD day, whatever it is!

Here it is in black and white (and green) from CBA: The measures have so far proven to be most effective in tier 1 cities, raising concerns that additional support measures may result in a housing bubble in tier 1 cities.

Here are the iron ore charts for February 28, 2015: Tianjin spot down 0.4% at $US49.

The share market is one nervous Nelly again today ignoring positive overnight leads as banks can’t catch a  bid.

Here are the iron ore price charts for February 25, 2016: Spot fell sharply with Tianjin benchmark down 2% to $49.20.

It’s another tough day for shares despite the overnight rally in the US as banks and miners take heat.

I’ve got to say that the excellence of Fortescue execution is now reaching such epic proportions that it is borderline miraculous.

From the World Steel Association: World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes (Mt) in January 2016, a -7.1% decrease compared to January 2015.

Here are the iron ore price charts for February 24, 2015: Spot slipped with Tianjin benchmark down 0.6% to $50.20.

It’s a little bit of carnage today for shares.

Fortescue’s half year profits are out: No real surprises.

From Macquarie:  Macro newsflow in particular has been lifting hopes toward steel demand for this year.

Here are the iron ore price charts for February 23, 2016: Tianjin benchmark up 0.4% to $50.50.

The screaming dead cat bounce of the last few days is finding resistance today as key prices weaken.