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CHINA COMMODITIES SELLOFF DEEPENS AS STEEL POSTS WORST WEEK SINCE 2009

  NEGOTIATOR’S TAKE: Sharp fall in Chinese metals likely means lower prices globally.   May 2016 – Shanghai – Commodity slide spills over into stocks Chinese commodities prices spiraled lower on Friday, with steel futures suffering their worst week since

IRON ORE PRICES HIT A 16-MONTH HIGH, STILL RISING

  NEGOTIATOR’S TAKE: China’s economic growth is once again pushing up metal prices.   If you had been asleep for the last month, woke up this morning and picked up a paper you could be forgiven for thinking you had

FERROUS SUPPLY CHAIN REELING AMID UNPRECEDENTED PRICE HIKES IN STEEL, IRON ORE

  NEGOTIATOR’S TAKE: The surge in Chinese steel prices is bound to put pressure on steel prices globally.   03.07.16 – Precipitous climb in prices The ferrous supply chain reeled March 7 amid a precipitous and unprecedented climb in steel

IRON ORE PRICES DROP AGAIN

IRON ORE exports from Port Hedland, Australia – the world’s largest iron ore port – hit a record high in June 2015 as global prices continue to fall. NEGOTIATOR’S TAKE: More downward pressure on steel prices, especially in China. Figures

Iron ore price meltdown

At the end of the latest offshore session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $62.80 a tonne, down 0.8 per cent from its previous close of $63.30 a tonne. The

Iron ore: Apocalypse now?

Scandinavian iron ore miner Northland Resources SE has filed for bankruptcy with more than $650 million in debt. Kumba, whose Sishen mine in South Africa is the continent’s largest iron ore operation, will reduce stay-in-business capital expenditure 20 percent and

European and Chinese Steel Prices Fall

Steel prices in China have fallen from $607 per tonne (£385) in January to $542 (£344) in October. In the US the price has dropped from $861 (£546) to $839 (£532) over the same period. According to Mintec, the European

Iron ore: rust in peace

“The party’s over for iron ore” declared an ANZ research team returning from a trip to China after discovering demand conditions that were more challenging than thought, while analysts at RBC Capital Markets slashed their price forecasts for this and

Iron ore sinks below $80 on China slowdow

Following a short-lived rally last week that took the commodity to $85 per tonne, the benchmark iron ore price for immediate delivery at the port of Tiajin in China dropped 2.3 per cent to $79.80 per tonne overnight on Monday,

Iron ore mines starting to close

While the iron ore sector is already facing the brunt of the commodity price slide, which hit a new five-year low of $US83.60 a tonne over the weekend, observers are warning the effects are likely to be felt across the