Iron ore price

Find below the new Westpac-BREE China and resources mega-almanac the introduction to which is sounding very gloomy indeed: The Chinese economy grew at a rate somewhat below its potential early in 2014.

Late last year I gave Charlie Aitken a serve for recommending Fortescue as one of his three top picks for 2014.

Here are the iron ore charts for May 14, 2014.

Still no iron ore price for yesterday I’m afraid.

Iron ore prices are yet to update.

Here are the iron ore charts for May 12, 2014: Iron ore paper markets rallied following the news of strike action in Port Hedland after trading much of the day down.

From the ABC: BHP Billiton has warned that a strike involving tugboat workers at Port Hedland, the world’s biggest bulk export port, will significantly affect Australia’s iron ore exports.

Here’s some prescient research from September 2010 that is worth revisiting.

From Mac Bank today: China Customs released preliminary trade statistics for April on Thursday. While much of the focus may have been on the impact (or lack of it) of tighter financing constraints, in our view the picture is a lot more simple – too much supply across key commodity markets.

Don’t say you weren’t warned.

Here are the iron ore charts for April 10, 2014: Another bad day for prices on Friday.

The Conversation has an interesting piece on Chinese investment in the Pilbara this morning.

So now we know why iron ore miners surged yesterday as prices tanked.

Here are the iron ore charts for May 8, 2014: Trouble.

Something of a slow dawn is going on at Morgan Stanley today: While considering potential metal and bulk commodity price direction the rest of the year, we found it useful to look through the lens of the increasingly divergent coal markets.

Here are the iron ore charts for May 7, 2014: As I write this I’m skipping through a field of daisies on a  bright Spring day.

It seems a bit harsh to pick on iron ore equities today given the overall market is taking a pasting but here are the updates anyway.

Here are the iron ore charts for May 6, 2014: Physical is becalmed with the BDI capesize component up shy of 2%.

The one body of sell side research that has the iron ore market right just now is Goldman Sachs.

Here are the iron ore charts for 5th May, 2014: Not much to say for either paper or physical markets on sideways movement.

HSBC’s Paul Bloxham today offers a lesson in how to get on with life during a commodities bust: Iron ore exports continue to ramp up strongly, despite China’s recent slower growth.