Since when is a spot market required for an extended bear market on price to happen ?
I am no expert on IO, however I am aware that Iron Ore has had extended periods of low/flat prices
So tell me, and you might need to squint due to your rose coloured IO glasses .. .do you see a long, flat ~10 year period
so report me big boy.. you can circle jerk all you like with trollie on the typo's... but don't forget you are a balanced, unbiased prig, not just a complete prick.
Where was your righteous English demands when beartrap was posting you pathetic tool ?
Since when is a spot market required for an extended bear market on price to happen ?
I am no expert on IO, however I am aware that Iron Ore has had extended periods of low/flat prices
So tell me, and you might need to squint due to your rose coloured IO glasses .. .do you see a long, flat ~10 year period
so report me big boy.. you can circle jerk all you like with trollie on the typo's... but don't forget you are a balanced, unbiased prig, not just a complete prick.
Where was your righteous English demands when beartrap was posting you pathetic tool ?
You're an idiot Rastus.
How does a bear "market" happen in a commodity which isn't freely traded?
Because a rising iron ore price doesn't fit his view of the world, so he has to make shit up to sleep at night.
IDIOT WE'VE DISCUSSED THIS BEFORE. THEY'RE RAMPING UP STEEL PRODUCTION BEFORE THEY CUT IT DOWN FOR THE TANGSHAN INTERNATIONA HORTICULTURAL EXPOSITION, running from 29 April to 16 October.
Tangshan steelmakers to cut emissions by at least 50% during horticultural exposition Singapore (Platts)--22 Mar 2016 551 am EDT/951 GMT
Steel mills in Tangshan will need to cut emissions by at least 50% when the major Chinese steelmaking hub plays host to key events held during the Tangshan International Horticultural Exposition, according to a government notice.
The strictest measures will take effect during six major events that total 33 days, including regional political and business summits, a trade fair and a film award ceremony, a notice dated March 15 by the Tangshan municipal government said.
Photos of the document were found on a number of Chinese news websites since Friday, but it could not be located on the government's website.
When reached by phone, the municipal government's general office directed queries to its environment protection bureau, which confirmed the document.
A source at a major Tangshan steelmaker contacted by Platts confirmed the document was disseminated to them during a meeting called by the local iron and steel association. Over the weekend, spot prices of square billet in Tangshan rose Yuan 20/mt ($3/mt) to Yuan 1,930/mt ex-works including 17% value added tax. It rose a further Yuan 10/mt in Monday trading.
Details of the anti-pollution measures have been keenly awaited by the market, with speculation over its impact having contributed to volatility in steel and iron ore prices over the past two weeks.
Some, however, have played down its impact, saying only smaller companies that are less well-equipped to deal with emissions would be affected.
The exposition takes place from April 29-October 16, and is seeking to draw attendance of over 10 million.
Measures will be implemented according to two groups that divide companies by their location, although iron and steelmaking companies in both classifications are to observe emission cuts by at least 50% during the six major events.
The identified 361 Zone One companies are located in the districts Lunan, Lubei, Kaiping, Guye, Fengrun and Fengnan, and the Hi-Tech Industrial Development Zone. Major mills shortlisted include Tangshan Iron & Steel and Tangshan Guofeng Iron & Steel.
Zone Two enterprises are those located in the remaining areas of Tangshan.
Those in the iron and steel, coking, cement, glass and other industries that emit volatile organic compounds are also to observe emission cuts by at least 50%, while companies in less heavily emitting industries are to reduce emissions by at least 30%.
During the six major events, Zone One companies are to implement measures one level higher than the city's existing pollution alert classification, while Zone Two companies are to adhere to measures appropriate to current pollution levels.
Hebei Jinxi Iron & Steel and Jiujiang Wire Rod are classified under Zone Two.
Monitoring and implementation of the measures will be undertaken by at least 14 government agencies, including the city's development and reform commission, environmental protection bureau and transport department.
Activities including building construction and demolition, mining, transportation and stockpiling of bulk materials will also be controlled, as will the movement of traffic.
--Keith Tan, keith.tan@platts.com, with analysis by Zhang Jing and Sharon Liao --Edited by Irene Tang, irene.tang@platts.com
Like all free markets, supply and demand determine price. As the debate around iron ore has intensified, it is appropriate to reflect on the facts behind this important Australian industry.
Between 1980 and 2005, the price of iron ore leaving Port Hedland (in 2015 dollar terms, what we call ‘real Free on board Pilbara’) averaged US$30 per dry metric tonne (dmt). For the 10-year period from 2005 to 2015, the price of iron ore averaged US$96 per dmt. And driven by the Chinese industrialisation, we even saw once-in-a-generation prices that peaked at more than US$180 per dmt.
1980 to 2005 is a long time at $30 (2015 dollars) were they selling it to aliens on some kind of "unfree" market ?
Why don't you tell the class how long you consider iron ore to have been freely traded, and why ?
Here is another chart for for you to pour over... notice any long, flat bits yet ?
Btw, haste has an e on the end numb nuts... did your wrists cramp up masterbating over the 4 month IO chart ? If you want me to bother checking my post for errors, how about you use a brain to construct your posts, and check your own spelling
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