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Daily Iron Ore Price, Commodities and Precious Metals Update - September 2013
Topic Started: 2 Sep 2013, 06:00 PM (13,049 Views)
Perthite
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Too bad about jobs ay...

http://www.perthnow.com.au/business/mining-downturn-hits-fifo-airlines/story-fnhocr4x-1226716365527

'Kimber Capital Portfolio manager Kim Slater said the number of FIFO workers was likely to fall as the mining sector moved from the capital expenditure phase to the production phase.'
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doubleview
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Pig Iron
10 Sep 2013, 11:29 PM
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
Fuck your a laugh!!

Because the prediction is on song from 6 months ago apparently i'm a retard ...hahaha.

The evidence is in writing on this forum, has been linked to a few posts back and clearly shows how delusional some of you fucks are.

The back patting is funny shit, your delusion has no bounds.
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Pig Iron
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Bogan scum

doubleview
11 Sep 2013, 08:59 AM
Fuck your a laugh!!

Because the prediction is on song from 6 months ago apparently i'm a retard ...hahaha.

The evidence is in writing on this forum, has been linked to a few posts back and clearly shows how delusional some of you fucks are.

The back patting is funny shit, your delusion has no bounds.
which analysts predicted $144/t for 2013 before it was actually $140/t?

link me to it, or are you just running your mouth as usual?

your just shitting yourself because you've woken up to the fact no crash is coming soon.
Perthite
10 Sep 2013, 11:58 PM
Too bad about jobs ay...

http://www.perthnow.com.au/business/mining-downturn-hits-fifo-airlines/story-fnhocr4x-1226716365527

'Kimber Capital Portfolio manager Kim Slater said the number of FIFO workers was likely to fall as the mining sector moved from the capital expenditure phase to the production phase.'
there is an entire industry geared to telling sad sacks like you want you want to hear, so you keep right on thinking you're on to something...
Edited by Pig Iron, 11 Sep 2013, 12:54 PM.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
11 Sep 2013, 12:51 PM
which analysts predicted $144/t for 2013 before it was actually $140/t?

link me to it, or are you just running your mouth as usual?

your just shitting yourself because you've woken up to the fact no crash is coming soon.

there is an entire industry geared to telling sad sacks like you want you want to hear, so you keep right on thinking you're on to something...
fuck me !! a link!!

You are looking like a cock head again, oh shit I forgot you are a cock head!!

RE: the forecast!! Plenty did, including my self that's why I posted it.

When ore got well down, I was confident and again put my money where my mouth is, buying ore stocks, you can find that in my posts as well!!

Additionally at the time it was trending down.

You cant catch people out who have nothing to hide numb nuts.

recess is in now go back to class.

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CBA Commodities Daily Alert 10-September-13

Posted Image

Indonesia eases stance on export ban

Indonesia’s finance ministry signalled that a mineral ore export ban
from 2014 is still in place, but provided exemptions to miners that
have smelters. In late August, Indonesia dropped quotas on mineral
ore exports in response to a growing current account deficit and a
weakening currency.

Commodity prices weakened on expectations that the US Federal
Reserve will reduce stimulus measures after the US nonmanufacturing
sector grew at its fastest pace in almost eight years in
August. Crude oil and gold futures also fell after the US said it will
explore a Russian plan to eliminate Syria’s chemical weapons,
reducing the threat of a military strike. Iron ore advanced 0.3% to
USD135.20/t (CFR China).

The US Energy Information Administration (EIA) upgraded forecasts
for WTI and Brent crude oil for 2013 and 2014 on disruptions to
global crude oil supply. The EIA projects WTI crude oil to average
USD98.59/bbl in 2013, above last month’s estimate of USD96.96/bbl.
Brent crude oil is expected to average USD108.12/bbl this year,
above last month’s estimate of USD105.80/bbl.

Glencore Xstrata believes the zinc market is facing a structural deficit
in the next few years as zinc demand outgrows supply.

The US-based Freeport LNG project has signed a 20-year
liquefaction tolling agreement with Toshiba and SK E&S LNG to
commercialise its third LNG train with capacity of 4.4Mtpa.

Tokyo Electric Power Company’s (TEPCO) consumption of LNG lifted
4.2% y/y to 2.17Mt in August, while coal consumption surged 95.9%
y/y to 764kt. Fuel and crude oil consumption slumped by 38.7% y/y
and 43.2% y/y, respectively.
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Quote:
 
Ship Rates Surge Most Since ’09 as China’s Iron-Ore Imports Rise

By Isaac Arnsdorf - Sep 10, 2013 12:08 AM ET

The cost of shipping raw materials surged the most in more than four years as strengthening steel prices in China spur imports of iron ore used to make the metal, helping owners recover from the industry’s worst slump ever.

The Baltic Dry Index, a benchmark of commodity shipping rates, jumped 9.3 percent to 1,478 today, the biggest gain since June 2009, according to the Baltic Exchange, the London-based publisher of freight rates on more than 50 trade routes. The measure is now at the highest since January 2012, after collapsing from as high as 11,793 in 2008 because of a record shipbuilding program.

China’s imports of iron ore, the single-biggest source of demand for the vessels, expanded 8.1 percent to 526.7 million metric tons in the year to August compared with the same period a year earlier, customs data show. The increase is the result of strengthening steel output and prices in China, according to Fotis Giannakoulis, a New York-based analyst at Morgan Stanley.

“Steel production in China is defying a seasonal slowdown in prices, allowing mills to absorb high iron ore imports,” he said in an e-mailed report today. “As long as high steel prices offer attractive margins for steel mills, there is room for strong imports.”

Daily earnings for iron-ore carrying Capesizes, the largest ships tracked by the index, rose 17 percent to $25,426, the highest since December 2011, according to the exchange. Twenty-six of the vessels were booked last week, up from 16 the week before, according to Morgan Stanley. Spot bookings in the last three months rose 27 percent from a year earlier while the fleet expanded 5.5 percent, Giannakoulis said.
Steel Output

Steel reinforcement-bar futures in Shanghai rose 0.8 percent to close at 3,752 yuan ($613) a ton today, the highest since Sept. 2. Daily steel output rose 1 percent to 2.12 million tons in late August from the previous period, according to Xiben New Line, citing data from the China Iron & Steel Association.

The price of imported iron ore climbed 22 percent since the start of June to $134.80 a ton, according to the Steel Index Ltd. China imported 69.01 million tons in August, up 11 percent from a year earlier and within 6 percent of July’s all-time high, customs data show. Stockpiles are 24 percent lower than a year ago, according to Beijing Antaike Information Development Co.

The Capesize fleet swelled 70 percent to 289 million deadweight tons since 2009, according to Clarkson Plc, the world’s largest shipbroker. Capacity will expand 5.6 percent this year, the slowest pace since 2003, figures show.

Gains extended across the smallest ship types tracked by the index. Panamax rates rose 8.3 percent to $8,836 a day, according to the exchange. Supramaxes and Handysizes both rose less than 1 percent to $10,091 and $7,731, respectively.

Read more: http://www.bloomberg.com/news/2013-09-09/ship-rates-surge-most-since-09-as-china-s-iron-ore-imports-rise.html
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CBA Commodities Daily Alert 11-September-13

Posted Image

US crude oil production at 24-year highs

Base metals were mixed, while gold futures rose marginally. US WTI
crude oil lifted as crude oil inventories at Cushing fell to their lowest
level since February 2012 and as US refinery utilisation unexpectedly
increased. Hot-rolled band steel prices advanced in Western Europe
and export markets, fell in China and remained flat in the US over the
past fortnight. Iron ore declined 0.1% to USD135.10/t (CFR China).

Glencore Xstrata believes that thermal coal prices are unsustainable
in the medium term because ~30% of seaborne production is cash
cost negative. While this should see thermal coal export supply cut
back, recent trade data indicates producers have continued to export
thermal coal.

South Africa’s gold producers believe a labour strike by workers
belonging to the Association of Mineworkers and Construction
Union, who represent 19% of South Africa’s gold workers, will be
unauthorised as most workers and unions in the gold industry have
agreed to the new wage deal.

RUSAL, the world’s largest aluminium producer, believes the LME
needs more transparency as it seeks to shorten queues and quicken
withdrawals of metal from warehouses.

Glencore Xstrata expects as many as four Chinese company groups
to bid for its 400ktpa Las Bambas copper project in Peru.

African Minerals has shelved plans to expand its Pepel iron ore
project in Sierra Leone, which would have lifted iron ore production
from 20Mtpa to 35Mtpa. The decision comes as the company said it
will miss its sales target for 2013.

China’s coke supply is likely to decline as the government and
industry resolve oversupply and pollution issues.
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Pig Iron
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Bogan scum

doubleview
11 Sep 2013, 01:32 PM
fuck me !! a link!!
you can't provide anything but a link to yourself making the exact same claim without backing it up. here is what you post as "evidence" in case you are too fucken stupid to remember what you posted

http://australianpropertyforum.com/single/?p=8392910&t=9844613


doubleview
11 Sep 2013, 01:32 PM
RE: the forecast!! Plenty did, including my self that's why I posted it.

When ore got well down, I was confident and again put my money where my mouth is, buying ore stocks, you can find that in my posts as well!!

Additionally at the time it was trending down.

You cant catch people out who have nothing to hide numb nuts.

recess is in now go back to class.
iron ore averaged $137/t in april. really you think a call of it rising $3 means anything?

it's about as easy as predicting the sun will rise tomorrow.
Edited by Pig Iron, 12 Sep 2013, 06:44 PM.
I am the love child of Tony Abbott and Pauline Hanson
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doubleview
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Pig Iron
12 Sep 2013, 06:41 PM
you can't provide anything but a link to yourself making the exact same claim without backing it up. here is what you post as "evidence" in case you are too fucken stupid to remember what you posted

http://australianpropertyforum.com/single/?p=8392910&t=9844613



iron ore averaged $137/t in april. really you think a call of it rising $3 means anything?

it's about as easy as predicting the sun will rise tomorrow.
HAHAHA!! Your that delusional You just owned yourself !!

Fuck your delusion really has no bounds makes me laugh though!!

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Pig Iron
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Bogan scum

doubleview
12 Sep 2013, 08:00 PM
HAHAHA!! Your that delusional You just owned yourself !!

Fuck your delusion really has no bounds makes me laugh though!!
you're more retarded than moops, officially.

you don't get that the link doesn't substantiate your point any more than your first post...
I am the love child of Tony Abbott and Pauline Hanson
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