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Daily Iron Ore Price, Commodities and Precious Metals Update - September 2013
Topic Started: 2 Sep 2013, 06:00 PM (13,042 Views)
doubleview
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Pig Iron
29 Sep 2013, 11:57 PM
i never said you didnt fuckhead. all this effort debunking your own accusations.
the fact is you claim to have bailed out of perth claiming it will crash, only to watch it boom.
Fuckoff you did!

You are a lying piece of shit

You got owned bitch!!!

Edited by doubleview, 30 Sep 2013, 10:35 PM.
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Pig Iron
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Bogan scum

doubleview
30 Sep 2013, 09:40 PM
Fuckoff you did!

You are a lying piece of shit

You got owned bitch!!!

ok so you prove it with a link can you????
chirping of crickets is all we will get.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
30 Sep 2013, 11:31 PM
ok so you prove it with a link can you????
chirping of crickets is all we will get.
Fuck your delusion is getting worse.

The link 3 or 4 posts back provides commentary that I didnt expect iron ore to tank!! not yet anyway!





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peter fraser
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Does anyone have a copy of the new Macquarie Bank research?

Here is an extract that I copied from here.

Quote:
 
Iron ore outlook

Raising the floor

We expect $100/t plus iron ore prices into the medium term
We have undertaken a detailed run-through of the iron ore demand and supply
dynamics, focusing on a bottom-up approach to forecasting steel demand in
China and a thorough investigation of inflation, expansions and depletions in
both the Chinese domestic iron ore industry and the seaborne market. We
conclude that iron ore prices will remain above $115/t over the next two years
and will remain above $100/t out to 2020, based on an assessment of the
competitive cost curve structure. As such, we have raised our long-run iron
ore forecast to $90/t CFR China (62% basis, real $2013) from $80/t previously.

Taking a detailed look at the Chinese domestic ore curve

This work incorporates a detailed study of the Chinese domestic iron ore
industry, focusing on cost inflation, capacity expansion and depletion. Based on
our projections of the Chinese and seaborne supply curve, we find that nearly
40% of Chinese capacity, largely in the hands of private operators, will be
uneconomic by 2018 under our base case forecasts. We believe the Chinese
iron ore industry will behave in an economically rational way, as the financial and
political incentives to support a loss making sector are no longer present.

The decision-making window closes quickly in a displacement cycle

Our project by project analysis of the potential seaborne expansions finds that
half of the proposed projects will require a long-run price of over $100/t to
generate a decent IRR and subsequently, depending on their timing to market,
many look at risk. Meanwhile, we feel there is just a two-year decision making
(and funding) window left for proposed assets before the shadow cast from
Vale‟s 90mtpa S11D project prevents further approvals. As a result, we expect
base case seaborne supply additions of 380mt through 2020, well below market
expectations, as many prospective additions are not progressed, assuming
rational decision making.

Moving into an environment of lower volatility

One of the key takeaways from our analysis is that the expected range of iron
ore prices within any given year is set to be substantially reduced. With a
200mtpa annualised swing from peak to trough iron ore demand within any given
year being common, the steep gradient of the cost curve drives “efficient
volatility”, through the need to incentivise and displace marginal tonnes at
various points in the cycle. Into the medium term, we see the upper end of the
curve flattening, resulting in lower levels of volatility over time and as such, there
should be increasing confidence in terms of the range iron ore will trade between
in any given year. Certainly, potential for overshoot and undershoot will remain;
however, the lower volatility could potentially be the catalyst for positive equity
rerating. We note also that $85-90/t represents a floor in cyclical price swings
throughout the forecast period. This scenario plays into the hands of the major
producers, whose top tier assets allow them to avoid the competitive scrap their
smaller peers will be engaged in, while having greater confidence around
medium-term investment plans.
Any expressed market opinion is my own and is not to be taken as financial advice
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Perthite
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Mining Services activity continues free fall.

http://www.watoday.com.au/business/mining-and-resources/boart-signals-earnings-will-continue-to-fall-20131001-2upbd.html
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Pig Iron
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Bogan scum

Perthite
1 Oct 2013, 10:42 PM
all the indicators point to a stablising industry and period of prosperity. pity you are so blinkered.
I am the love child of Tony Abbott and Pauline Hanson
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Perthite
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"In mid-September, rig utilisation fell to 45 per cent from 50 per cent in mid-August and 60 per cent in mid-May."

Really. Some mega projects just get approved? Did I miss it?

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