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Iron Ore busts through $90; $100 incoming, terrific news for the economy!
Topic Started: 14 Feb 2017, 10:03 AM (13,630 Views)
Khaderbhai
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Wealthy Suburbanite

Jerry
3 Mar 2017, 12:59 PM
Nope. "Terry" sounds like "Jerry", but nothing to do with me.
Sure thing Roddy.
Edited by Khaderbhai, 3 Mar 2017, 01:28 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Terry
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Khaderbhai
3 Mar 2017, 01:27 PM
Sure thing Roddy.
No problem MC. FMG only down 5% so no panic stations yet,
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Jerry
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"Iron ore prices could fall as much as 30 per cent in the second half of 2017"

AFR
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Terry
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Jerry
6 Mar 2017, 11:44 PM
"Iron ore prices could fall as much as 30 per cent in the second half of 2017"

AFR
Hell.
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newjez
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Jerry
6 Mar 2017, 11:44 PM
"Iron ore prices could fall as much as 30 per cent in the second half of 2017"

AFR
Ffs, anything could happen late 2017. Tell us why?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Ex BP Golly
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newjez
7 Mar 2017, 05:37 AM
Ffs, anything could happen late 2017. Tell us why?
The linked article says (and perhaps your mummy could read it to you);

"However, for all that commodity's price gains defied predictions in 2016 and early 2017, many analysts now believe new supply, high inventories, and insufficient demand are setting iron ore up for sharp losses in the second half of this year.....Gavekal analysts Rosealea Yao and Arthur Kroeber wrote in a briefing note that iron ore could fall by 30 per cent or more. Meanwhile, a team of analysts at HSBC, led by Anshul Gadia, went so far as to argue that iron ore may fall below the cost of production in the second quarter of 2017 in order to to clear the massive stockpiles of iron ore in Chinese ports, which hit 120 million tonnes at the end of February....

Fundamentals will take over

"We do not see economic justification for the iron ore industry to retain excess gains beyond long-term margins while the industry remains in surplus."

HSBC analysis suggests that iron ore market fundamentals should force prices lower. They include higher iron ore supply as new operators from India and Brazil's Vale ramp up production, as well as the growing iron ore stockpiles in Chinese ports.



Read more: http://www.afr.com/markets/commodities/iron-ore-prices-could-fall-as-much-as-30-per-cent-in-the-second-half-of-2017-20170305-


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Ex BP Golly
7 Mar 2017, 02:33 PM
The linked article says (and perhaps your mummy could read it to you);

"However, for all that commodity's price gains defied predictions in 2016 and early 2017, many analysts now believe new supply, high inventories, and insufficient demand are setting iron ore up for sharp losses in the second half of this year.....Gavekal analysts Rosealea Yao and Arthur Kroeber wrote in a briefing note that iron ore could fall by 30 per cent or more. Meanwhile, a team of analysts at HSBC, led by Anshul Gadia, went so far as to argue that iron ore may fall below the cost of production in the second quarter of 2017 in order to to clear the massive stockpiles of iron ore in Chinese ports, which hit 120 million tonnes at the end of February....

Fundamentals will take over

"We do not see economic justification for the iron ore industry to retain excess gains beyond long-term margins while the industry remains in surplus."

HSBC analysis suggests that iron ore market fundamentals should force prices lower. They include higher iron ore supply as new operators from India and Brazil's Vale ramp up production, as well as the growing iron ore stockpiles in Chinese ports.



Read more: http://www.afr.com/markets/commodities/iron-ore-prices-could-fall-as-much-as-30-per-cent-in-the-second-half-of-2017-20170305-

BHP, Rio and For­tescue shares are factoring in an iron ore spot price of about $US60-$US65 a tonne later in 2017, while analyst Andrew Hines expects iron ore to fall to $US45 a tonne in Q3/4.

http://www.theaustralian.com.au/business/mining-energy/iron-ore-prices-could-halve-evans-analyst-andrew-hines/news-story/32b330771e8f7a44216f63a84ee29452
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Ex BP Golly
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Terry
8 Mar 2017, 02:49 AM
BHP, Rio and For­tescue shares are factoring in an iron ore spot price of about $US60-$US65 a tonne later in 2017, while analyst Andrew Hines expects iron ore to fall to $US45 a tonne in Q3/4.

http://www.theaustralian.com.au/business/mining-energy/iron-ore-prices-could-halve-evans-analyst-andrew-hines/news-story/32b330771e8f7a44216f63a84ee29452
With America about to raise interest rates, if the OZ $ falls, us$45 looks highly possible.

What will the bbq set in the rust belt think about that?

Trolley?

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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newjez
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Terry
8 Mar 2017, 02:49 AM
BHP, Rio and For­tescue shares are factoring in an iron ore spot price of about $US60-$US65 a tonne later in 2017, while analyst Andrew Hines expects iron ore to fall to $US45 a tonne in Q3/4.

http://www.theaustralian.com.au/business/mining-energy/iron-ore-prices-could-halve-evans-analyst-andrew-hines/news-story/32b330771e8f7a44216f63a84ee29452
Why? Will there be a recession in China?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Ex BP Golly
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Trollie
14 Feb 2017, 06:09 PM
Iron ore going bang busters.

Steel mills are cashed up and after high grade ore

http://www.afr.com/business/mining/iron-ore/cashedup-chinese-steel-mills-chase-highquality-iron-ore-20170214-gucr7z

$68.53c
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Share a cot with Milton?
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