Iron ore price

Iron ore prices for February 1, 2018: Tianjin benchmark fell 40 cents to $72.70.

Blow me down with a feather, from MinRes: For future reference, when assessing the economic impact, by my calculations 58% discounts at this level reduce Australia’s net iron ore export price by $4 per tonne.

Iron ore price charts January 31, 2018:   Tianjin benchmark fell 40 cent to $73.10.

Tianjin benchmark fell 25 cents to $73.50.

Fortescue’s December QTR production is out: Discounts crashed from 71% to 66% quarter over quarter.

Tianjin benchmark fell 85 cents to $73.75.

Via AM: United States-based iron ore miner Cliffs has revealed it will accelerate plans to close its mining operations in Western Australia.

Iron ore price charts for January 26, 2018: Tianjin benchmark fell 45 cents to $74.60.

Iron ore price charts for January 24, 2017: Tianjin benchmark lifted 55 cents to $74.25.

So says Karen Moley: Are we in the early stages of a major rally in commodity prices, as stronger global growth lifts demand, while the tumbling US dollar cuts prices for buyers outside the United States?

Iron ore price charts for January 24, 2017: Tianjin spot fell $2.20 to $73.70.

Iron ore price charts for January 22, 2018: Tianjin benchmark fell 95 cents to $75.90.

Iron ore price charts for January 19, 2017: Tianjin benchmark lifted $2 to $76.85.

When will iron ore crash next?

Iron ore charts for January 18, 2017: Tianjin benchmark rose 50 cents to $74.85.

Via Vivek Dhar, Mining and Energy Commodities Analyst at CBA: “We still anticipate iron ore prices to fall later this year on surplus concerns,” he said in a note released today.

From BHP today: So, we can expect BHP to push out another two quarters in line with December.

Iron ore price charts for January 16, 2017: Tianjin spot fell 90 cents to $75.60.

Via RIO today: Pilbara operations produced 329.8 million tonnes (Rio Tinto share 271.3 million tonnes) in 2017. Fourth quarter production of 87.9 million tonnes (Rio Tinto share 72.9 million tonnes) was three per cent higher than the fourth quarter of 2016, reflecting the implementation of productivity projects across most sites.

Iron ore charts for January 15, 2017: Tianjin benchmark fell $1.80 to $76.50.

Iron ore price charts for January 12, 2017: Benchmark spot fell 1% to $78.30.

Here’s the latest iron ore price charts for January 12, 2018: Ore is quite on a tear, up nearly 35% from its lows and meeting the August 2017 high.