Iron ore price

From Fairfax: Adani said the work it has commissioned to subcontractors over the past year was done “in anticipation of finalising approvals and decisions”.

Here are the iron ore charts for June 24, 2015: Qingdao rallied hard and Tianjin benchmark jumped 2% to $61.70.

It’s not much fun for big iron today with BHP just managing to stay in the black, RIO selling and FMG up only 1.3% despite the big bounce in Dalian futures overnight.

From The West Australian: Atlas Iron managing director David Flanagan says he believes shareholders will overwhelmingly approve the iron ore miner’s company-saving capital raising at tomorrow’s shareholder meeting.

From The Guardian: Indian coal giant Adani has halted engineering work related to Australia’s largest proposed mine, say industry sources, raising speculation that the company is set to abandon the contentious project.

Here are the iron ore charts for June 23, 2015: Qingdao spot firmed but Tianjin benchmark fell 10 cents to $60.50.

Here are the iron ore charts for June 22, 2015: Much of the paper market didn’t trade owing to the Chinese holiday but spot fell sharply.

From the World Steel Association comes the fifth successive month of falls in global steel production in May: World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 139 million tonnes (Mt) in May 2015, a -2.1% decrease compared to May 2014.

It’s amusing in a horrible sort of way watching the death throes of Atlas Iron, from The Australian under the misleading title of “Do or die”: David Flanagan is gearing up for the sales pitch of a lifetime.

Qingdao iron ore fall 0.7% on Friday to $61.36: Qingdao spot eased again.

by Chris Becker Its not looking good for long iron ore bets with further falls across the complex, especially Dalian which slumped 3% and spot moving closer to $60 as the dead cat bounce firms coming into the poor weather season.

by Chris Becker Time to get out those erasers at Treasury offices around State and Federal capitals again as the iron ore complex returns to its downwards march.

by Chris Becker Not a good start to the week, with both spot and swap iron ore slumping alongside the Shanghai Composite yesterday with only a small up blip in Dalian futures to offset.

Here are the iron ore price charts for June 12, 2015:  5 Spot eased.

Modest falls today for big iron under 1% for the majors and flat for FMG.

From The Advocate: THE BIGGEST planned mine in Tasmania for half a century has been granted a mining lease.

Here are the iron ore price charts for July 11, 2015: Surging Dalian futures failed to translate into spot gains.

BHP and RIO are both up over 2% today and FMG is up 5% as the iron ore price marches on.

Here are the iron ore charts for June 10, 2015: Spot is on a tear with Tianjin benchmark added $1.20 or 1.9% to $65.10.