Iron ore price

Coking coal and iron ore are still struggling in China: And there are tops everywhere on the ASX.

Iron ore price charts for May 11, 2017: Spot fell with Tianjin spot down 60 cents to $60.50 (it did not update yesterday).

Chinese yields are putting on an extraordinary display.

Dalian is open and the Australian Budget is collapsing on day one: That’ll be roughly $56.78 tomorrow at this stage, $3-4 below the Budget outlook.

Via Macquarie: Thermal coal: A strong JFY settlement for producers while spot weakens  After signs of an initial deal last week, the JFY annual settlement for thermal coal has finally been agreed between Glencore and Tohoku Electric.

Iron ore charts for May 10, 2017: Spot probably rebounded yesterday but it has not updated.

Dalian is still bid a little today: So is Big Iron ever hopeful: WHC breaking as coking coal spot fell another 3%… Big Gas is sideways: Big Gold bouncing: Big Debt is getting hit again and now doing chart damage: MQG downgraded the sector today.

Iron ore price charts for May 9, 2017: Spot, paper, coking futures and steel firmed.

Via Morgan Stanley: 2017’s been choppy for all coal markets, thanks to NDRC industry reform confusion + Queensland weather.

Dalian is not being nice to iron ore again: Coking coal is a bit better: Big Iron is hanging on again in hope.

Iron ore price charts for May 8, 2017:   Spot crushed again.

Dalian has wiped Friday’s night’s iron ore and coking coal dead cat bounce today: Big Iron is still up on hope: I suggest anyone buying today never take an IQ test.

Iron ore price charts for May 5, 2017: Qindgao slumped to new correction lows.

Dalian is open and iron ore is immediately flirting with limit down: Coking coal not much better: Big Iron is at new lows across the board though pretty good all things considered!

True from Macqaurie:  The annual SGX Iron ore week in Singapore was very well attended as usual last week, and the outlook between market participants was generally more optimistic near term than we had expected.

Iron ore price charts for May 4, 2017:     Tianjin benchmark crashed -6% to $63.40.

Dalian is open and iron ore has crashed limit down before bouncing a touch: Coking coal is down too: Big Iron is at or below its correction lows: Big Gas is up for no apparent reason: Big Gold is being shellacked: Big Debt is still under pressure: Big Liar is reaching for the stars!

Via UBS: 3 days in Perth with 14 corporates; Perth is cautiously optimistic Last week, we travelled to Perth to catch up with 14 corporates ranging from S32 & FMG to the gold & nickel miners and as well as the mining service providers & drillers.

Iron ore price charts for May 3, 2017: Spot was basically flat.

Dalian is hosing off iron ore coking coal today: Big Iron is down sharply with RIO and BHP leading, the latter at new correction lows: So much more to come!

Sadly it falls to poor old me to once again pop an iron ore dream: SA MINING company Iron Road’s $4.5 billion Eyre Peninsula iron ore mine and infrastructure projected is set to create thousands of jobs after receiving approval from the State Government.

Credit Suisse thinks it is good idea, having labeled it “outperform”: ■ Earnings changes: We’ve updated our FMG earnings post our recent commodities update and the MarQ production result.

Iron ore price charts for May 2, 2017:    Spot ignored paper which rather suggests that Banana Man is on the loose again.

Chinese soft data maybe falling away fast but Dalian is doing the opposite with coking coal and especially iron ore flying: I’ve no idea why Dalian is pulling a Costanza but it probably has something to do with mill closures or the like.