Iron ore price

No, Joe, nationalising iron ore is not a good idea
Iron ore and steel keep on falling.
David Llewellyn-Smith
5
Iron ore trips towards radiant pit
The bad news starts with China’s official NBS manufacturing PMI: 49.2 in July (GS forecast: 49.9; Bloomberg consensus: 50.1), vs. 50.3 in June. Official non-manufacturing PMI: 49.0 in July (GS forecast: 49.6; Bloomberg consensus: 50.0), vs.
David Llewellyn-Smith
2
Iron ore smashed
Sometimes you time it with precision.
David Llewellyn-Smith
4
Is the Pilbara killer gunning it?
If you read RIO’s palava, you wouldn’t think so. Q2 sales: 1.6 Mt (100%) shipped to China during the quarter (H1: 2.2 Mt). The first customer collections were completed in April following tertiary crushing in China, with Q2 sales totalling 0.4 Mt (100%) and achieved Fe at 65.8%.
David Llewellyn-Smith
2
Iron ore stuck on the cliff’s edge
Iron ore continues to struggle despite the Brent tailwind.
David Llewellyn-Smith
1
Iron ore falls as Pilbara killer bites
Iron ore had been trading in lockstep with oil through H1 as freight rates roared higher.
David Llewellyn-Smith
2
Steel demand into the abyss
Iron ore is following its seasonal pattern into a rebound (that will be aided by oil).
David Llewellyn-Smith
The Pilbara killer is here
The ferrous complex is trying to hold $100.
David Llewellyn-Smith
Iron ore muddles through
Spewing, I missed this move lower thanks to the Iran War, but headwind seasonality is growing short, so I won’t chase it.
David Llewellyn-Smith
No war, no iron ore
The ferrous complex is weak.
David Llewellyn-Smith
3
The Pilbara killer is loosed
Iron ore has fallen 10% in recent weeks.
David Llewellyn-Smith
2
Pilbara killer triggers Canberra panic
As we know, the Pilbara killer (Simandou) is pumping iron ore faster than anyone expected, to 2.2mt in May, suggesting that by year-end it could be in the 30-40mt annual range as locomotives arrive en masse.
David Llewellyn-Smith
9
Pilbara killer pumps
According to ship tracking data from Kpler, shipments from the project’s Morebaya port reached 2.2 million tonnes during the month, far more than the record of 1.3 million tonnes set in April.
David Llewellyn-Smith
7
Iron ore thanks Trump for the war
The ferrous complex has come off but remains very elevated.
David Llewellyn-Smith
1
Steel squeal
It’s been obvious that the ferrous market has been levitating for months.
David Llewellyn-Smith
Steel and iron ore sicken
The ferrous jaws are open.
David Llewellyn-Smith
Pilbara killler rips
The ferrous jaws are as wide as ever.
David Llewellyn-Smith
5
Iron ore prints money
Iron ore is printing money, though I’m blowed if I know why.
David Llewellyn-Smith
5
Iron ore soars on the wars
For no sensible reason, iron ore is threatening to break out to its highest point in two years.
David Llewellyn-Smith
2
Chinese economy stumbles
The Chinese PMIs were a mixed bag, but overall showed a slowing economy.
David Llewellyn-Smith
4
Iron ore floats on war
Steel prices have been rising, which does not make much sense.
David Llewellyn-Smith
Iron ore enjoys the war
The iron ore jaws are wide on the war.
David Llewellyn-Smith
1
Iron ore rides high on the war
Chinese steel exports are down 10% in Q1.
David Llewellyn-Smith
2
Iron ore waits on the war
The ferrous complex is weakening as peace prospects in the Gulf improve.
David Llewellyn-Smith
1
What does the Iran war do to iron ore?
The ferrous jaws are back.
David Llewellyn-Smith
4