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Daily Iron Ore Price, Commodities and Precious Metals Update - September 2013
Topic Started: 2 Sep 2013, 06:00 PM (13,050 Views)
newjez
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Pig Iron
6 Sep 2013, 09:05 PM
why have the bears stopped talking about iron ore? last year this was THE hot topic. now they appear content to let it fall off the page.
Because the prices hasn't changed for yonks. That's 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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doubleview
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The last couple of bull posts on this thread show proof that the bull delusion is alive and well!!

Pretty much from the start of this year this is what most iron ore bear are predicting:

Most analysists have predicted this, the bull delusion has no bounds

See this is the delusion syndrome coming through from the bulls again!!

This patting on the back delusion is laughable!!!

Bears timeline and forecast is on target & pretty spot on @ the moment, thats why we got nothing to say!!
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doubleview
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tamed bulls
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Edited by doubleview, 8 Sep 2013, 05:50 PM.
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Quote:
 
Western Desert funding flows on iron ore pick-up

by: PAUL GARVEY
September 07, 2013 12:00AM

WESTERN Desert Resources has secured the estimated $100 million in debt funding needed to complete the company’s Roper Bar iron ore project in the Northern Territory, in an indication of how resurgent iron ore prices have reopened funding avenues for small resource companies.

South Australia-based Western Desert said it had secured the remaining funding needed for Roper Bar’s $200m development via Macquarie Bank, clearing the way for first iron ore shipments from the mine within 90 days.

Western Desert managing director Norm Gardner told The Weekend Australian that he attributed the funding breakthrough to the recent improvement in iron ore prices.

“It took a while but we got good offers from two of the big banks in Australia,” he said.

“If the price of iron ore was $100 (a tonne), it probably would have been difficult.

“To be realistic, even six months ago it would have been a lot tougher to get the money we needed.” The benchmark price from iron ore has improved by 58 per cent in the past 12 months to about $US137 a tonne.

Read more: http://www.theaustralian.com.au/business/companies/western-desert-funding-flows-on-iron-ore-pick-up/story-fn91v9q3-1226713591690
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CBA Commodities Daily Alert 06-September-13

Posted Image

Prices lift on bets that US stimulus stays

Commodity prices rose on expectations that the US Federal Reserve
may hold back on scaling back stimulus after US employment rose
less than anticipated in August. Crude oil prices also lifted as Russian
President Vladimir Putin said his nation will assist Syria if it is
attacked, heightening geopolitical and crude oil supply risks in the
Middle East. The region supplies close to one-third of the world’s
crude oil. Tin prices continued to rise as exports remain limited from
Indonesia, the world’s largest tin exporter, following laws forcing
local trading and higher purity standards. Spot thermal coal declined
2.4% w/w to USD76.7/t (FOB Newcastle), while iron ore fell by 2.2%
to USD134.10/t (CFR China).

Rio Tinto said its 95Mtpa Simandou iron ore project may begin in
2018 at the earliest as the project tries to secure funding.

India’s Steel Authority of India (SAIL) is looking for new iron ore mines
as it expands its steel capacity by up to 50% to ~21Mt by 31 March
2014. SAIL’s plans to boost steel capacity will mean its iron ore
requirement will jump 50% too from ~21Mtpa to ~34Mtpa.

The total number of drill rigs deployed onshore in the US fell from
1,776 to 1,767 last week. Rigs deployed in oil plays fell from 1,388 to
1,365, while rigs deployed in gas plays rose from 380 to 394.

Western Desert Resources plans to export iron ore from its Roper
Bar iron ore project in Australia within the next three months. The
project is expected to produce 1.5Mtpa of iron ore in its first year
before ramping up to 3Mtpa within three years.

While the majority of Drummond’s coal workers in Colombia have
agreed to end a labour strike that began on 23 July, the strike could
still continue as the largest union remains opposed to resuming work.

China’s government plans to urge domestic aluminium producers to
invest and build smelters overseas, as it tries to ease a growing
domestic surplus of the metal.
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Pig Iron
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doubleview
7 Sep 2013, 11:04 AM
The last couple of bull posts on this thread show proof that the bull delusion is alive and well!!

Pretty much from the start of this year this is what most iron ore bear are predicting:

Most analysists have predicted this, the bull delusion has no bounds

See this is the delusion syndrome coming through from the bulls again!!

This patting on the back delusion is laughable!!!

Bears timeline and forecast is on target & pretty spot on @ the moment, thats why we got nothing to say!!
no the bears predicted it would crash.
hell you claimed to have run way to qld because it would crash, my my you sure fucked that up boy.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
9 Sep 2013, 10:42 PM
no the bears predicted it would crash.
hell you claimed to have run way to qld because it would crash, my my you sure fucked that up boy.
Did you actually read the link from April numb nuts!!

Or have you caught the delusion head in the sand syndrome as well!!

Bear forecast is on target.
Edited by doubleview, 10 Sep 2013, 08:40 PM.
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CBA Commodities Daily Alert 09-September-13

Posted Image

US thermal coal exports fall in July

Base metals finished mostly lower despite China’s exports increasing
by 7.2% y/y in August, above expectations of 5.5%. China’s CPI and
PPI grew in line with expectations in August. Gold and crude oil
prices finished mostly lower as President Barack Obama struggled to
convince the US Congress that a military strike on Syria was needed
and as Russia urged Syria to give up any chemical weapon
stockpiles. Iron ore advanced 0.5% to 134.80/t (CFR China).

China’s preliminary trade statistics show that China’s imports of iron
ore lifted by 10.5% y/y to 69.01Mt in August, while the average price
declined 8.5% y/y to USD118.84/t (CFR China).

Jiangxi Copper, China’s largest copper smelter, plans to increase
treatment and refining charges by 43% next year to USD100/t. The
increase in charges, which is deducted from the price paid by
smelters to mining companies, reflects a growing supply of
concentrate relative to smelting capacity.

Pan Pacific Copper, Japan’s largest copper producer, signalled that
it plans to increase copper premiums by 53% to USD130/t for 2014
as China’s demand for the metal increases. The company projects a
surplus of copper of 69kt in 2013 to grow to 305kt in 2014.

Coal of Africa has obtained environmental rights to proceed with its
Makhado coal project in South Africa. The mine is expected to begin
production by ~1H16 and ultimately produce 2.3Mtpa of hard coking
coal and 3.2Mtpa of thermal coal.

Glencore Xstrata has stopped production at its Collinsville coking
coal mine in Queensland due to the weak metallurgical coal market.
BHP Billiton Mitsubishi Alliance (BMA) and Anglo American have also
closed coking coal operations in the past year in Queensland.
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Quote:
 
China Aug iron ore imports at 69.01 mt, down 5.6% from July

Mon Sep 9, 2013 10:33am GMT

China imported 69.01 million tonnes of iron ore in August, down 5.6 percent from July's record high of 73.14 million, data from customs showed.

Despite the fall, August arrivals were still the third-highest on record and a gain of 10.5 percent from a year ago.

The strength in imports has been driven by robust Chinese steel production, with daily runs hovering at above 2.1 million tonnes in the first 20 days of August, up from a July average of 2 million.

The rush to replenish inventories had lifted global benchmark iron ore prices .IO62-CNI=SI by 6 percent, to a 5-month high of nearly $143 a tonne in August. But with mills now well-stocked, trade sources said prices could stay rangebound at current levels of around $130 a tonne.

"The next month looks pretty hard to call - it is too early for restocking," said Graeme Train, a Shanghai-based analyst at Macquarie Bank.

"Iron ore supplies are going to increase and I don't think they (steel mills) will feel any kind of urgency to hold more inventory than they have at the moment. I think they are in a bit of a holding pattern now."

Read more: http://ironoreteam.com/china-aug-iron-ore-imports-6901-mt-down-56-july
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Pig Iron
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Bogan scum

doubleview
10 Sep 2013, 08:39 PM
Did you actually read the link from April numb nuts!!

Or have you caught the delusion head in the sand syndrome as well!!

Bear forecast is on target.
your a fucking retard. anyone can "predict" the present which is exactly what you show in your link. this is what the bears were claiming late last year.

http://australianpropertyforum.com/single/?p=8355530&t=9751801

I am the love child of Tony Abbott and Pauline Hanson
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