Iron ore price

For several years now MB has warned fund manager Allan Gray that it is headed the wrong way, from Domainfax: There aren’t many investment firms that have had as tough a time in recent years as Allan Gray.

Here are the iron ore charts for February 12, 2106: Spot down hard with Tianjin benchmark falling 2.9% to $43.20.

Reality is biting at RIO.

Here are the iron ore price charts for February 11, 2015: Tianjin spot was unchanged at $44.50.

The dead cat bounce is dying in big iron with BHP down -2.8%, RIO down -1% and FMG down -3.6%: Big gas is also on the nose with WPL down -1%, OSH -9%, ORG -2.6% and LNG -2.8%.

UBS has some estimates on how soft Pilbara iron ore shipments were in January: We estimate BHP Billiton’s share for the month at 19.2Mt or 56.8%.

From Clyde Russell: When the going gets tough, the tough ask for tax relief.

Tianjin benchmark trade resumed after CNY and fell 0.4% to $US44.50.

Not much fun on the bourse today with houses and holes both shredded by the raging Sykesnado.

Nothing gets the bears roaring like a crash in the Baltic Dry Index (BDI) and right now it is trading at record lows: Bears like to point to falls in the BDI as an indicator of imminent doom.

From the AFR: Tim Schroeders, fund manager at Rio investor Pengana Capital, said while keeping the policy could provide Rio with a “point of differentiation” among the major miners, “in 12 months or sooner it could change.

Here are the iron ore charts for February 5, 2015: Spot firm with Tianjin benchmark unchanged.

The big iron dead cat bounce continues today with BHP up another 3.3%, RIO 1.8% and FMG is flat: Dalian is falling today down two points.

From Macquarie: As if the global steel industry didn’t have enough problems, Chinese steel exports hitting almost 125mt on a crude steel equivalent basis over 2015 was a distinct surprise on the upside.

Here are the iron ore price charts for February 4, 2016: Tianjin benchmark jumped again 1.6% to $44.70.

Big and gas are off to the races as the Fed has indicated it will take the recent tightening in financial conditions into account at its next meeting.

Here are the iron ore charts for February 3, 2015: Spot up further with Tianjin benchmark rising 2.1$ to $44.

Big iron and gas are again being ripped apart by the Sykesnado which is only intensifying.

Yesterday RIO broke in the Australian market, falling to a new intraday and closing post-GFC low: Overnight it was hammered as well, down -4.7% in London and -5.2% in New York.

Here are the iron ore charts for February 2, 2016: Tianjin benchmark was up 1.4% to $43.10.

From S&P on BHP: BHP Billiton Downgraded To ‘A’, Ratings Placed On CreditWatch Negative On Low Commodity Prices • We recently lowered our price assumptions for iron ore, oil, and copper,  reflecting very challenging market conditions and increased demand  uncertainty over the coming years.

Here are the iron ore charts for February 2, 2016: Tianjin benchmark followed Dalian higher yesterday up 2.4% to $42.50.

The big iron and gas dead cat bounce is not travelling well today despite Wall St hysteria Friday night.