Markets

Iron ore prices have stabilised this week after heavy falls

Iron ore stabilised in trade this week after crashing more than 35% in a little under two months. Since hitting a high of $US94.86 per tonne on 21 February, spot prices for benchmark 62% fines plummeted to $US61.60 on 19 April. The fall was predicated on concerns about fundamentals, with […]
Iron ore prices have stabilised this week after heavy falls
Markets

Iron ore futures are roaring ahead

Iron ore prices have stabilised over the past week, but if futures markets are anything to go by prices are set to rise again. The fall in the price has been well documented since benchmark 62% fines hit a high of $US94.86 per tonne on February 21. That preceded a […]
Iron ore futures are roaring ahead
Markets

Chinese regulators have commodity speculators in their sights

Chinese commodity futures have been on a tear lately. From coking coal to rebar, coke to iron ore, they’ve all been charging higher with gains seemingly growing by the day. Though fundamental factors started the move months ago, it’s clear that speculative forces are now playing an increasingly important role […]
Chinese regulators have commodity speculators in their sights
Markets

Iron ore prices are back on a roll

Iron ore extended its winning streak into a third consecutive session on Friday, and it looks like there may be further gains to come today. According to Metal Bulletin, the spot price for benchmark 62% fines rose by a further 0.69%, or 35 cents, to $51.05 a tonne, trimming its […]
Iron ore prices are back on a roll
Markets

Iron ore is treading water

The iron ore price continued to tread water on Thursday, rising fractionally for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 0.1%, or 5 cents, to $50.70 a tonne. The gains for lower grade ore were slightly more exciting with the […]
Iron ore is treading water
Markets

Iron ore has stabilised

Iron ore prices stabilised on Wednesday, recording a small gain having fallen by more than 4% on Tuesday. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 0.16%, or 8 cents, to $50.65 a tonne, leaving the price gain so far this year at 16.2%. Suggesting […]
Iron ore has stabilised
Markets

There’s another bonkers rally underway in Chinese iron ore futures

Chinese commodity futures have gone nuts on Monday, bucking the view expressed by some Sino policymakers that speculative elements that were apparent in recent months were ebbing. Iron ore futures on the Dalian Commodities Exchange, in particular, have ripped higher, closing the morning session up a whopping 5.18%. It is […]
There’s another bonkers rally underway in Chinese iron ore futures
Markets

Iron ore hurtles back above $50 a tonne

The iron ore price leapt back above the $50 a tonne level on Friday, recording the largest one day percentage gains seen in months. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 3.94%, or $1.90, to $50.08 a tonne. It was the largest percentage increase […]
Iron ore hurtles back above $50 a tonne
Markets

The iron ore price continues to slide

The iron ore price continued to slide on Thursday, falling to a fresh three-and-a-half month low in the process. According to Metal Bulletin, the spot price for benchmark 62% fines fell by 0.45% to $48.18 a tonne, leaving it at the lowest level seen since February 18 this year. It […]
The iron ore price continues to slide
Markets

Iron ore fell more than 24% last month

May was terrible for iron ore prices, finishing the month with yet another decline. According to Metal Bulletin, the spot price for benchmark 62% fines fell by 0.23% to $50.15 a tonne on Tuesday, ending the month down an enormous 24.3%. The sharp unwind has seen the year to date […]
Iron ore fell more than 24% last month
Markets

Iron ore slumped again

The iron ore price fell heavily on Monday, continuing the choppy, downward trend seen in recent weeks. According to Metal Bulletin, the spot price for benchmark 62% fines fell by 1.72% to $50.27 a tonne, taking back around half the gain achieved on Friday. From April 21 the price has […]
Iron ore slumped again
Markets

Iron ore tumbles below $50 to a 3-month low

Iron ore has tumbled again, and further losses are potentially on the way today. According to Metal Bulletin, the spot price for benchmark 62% fines fell by a further 1.84%, or 93 cents, to $49.48 a tonne, leaving its decline from April 21 at 29.8%. It was also the fist […]
Iron ore tumbles below $50 to a 3-month low
Markets

There was mixed news for iron ore on Tuesday

Following a near 7% rout on Monday, the iron ore price stabilised on Tuesday, posting a modest gain. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 0.27%, or 14 cents, to $51.36 a tonne, leaving its year to date gain at 17.9%. From April 21, […]
There was mixed news for iron ore on Tuesday
Markets

Iron ore is imploding — now down 27% in just weeks

The iron ore price is imploding. Following the ugly lead provided by Chinese futures on Monday, the spot iron ore price followed suit, suffering one of the largest declines seen in years. According to Metal Bulletin, the spot price for benchmark 62% fines fell by 6.69%, or $3.67, to $51.22 […]
Iron ore is imploding — now down 27% in just weeks
Markets

Chinese commodity futures just got crushed

Chinese bulk commodity futures endured another bloodbath on Monday, recording falls of 5% or more. The most actively traded September 2016 iron ore future on the Dalian Commodities Exchange finished the session at 353 yuan, representing a decline of 4.97%. Earlier in the day it traded down to 350 yuan, […]
Chinese commodity futures just got crushed
Markets

Volatility in the iron ore price is reaching extreme levels

The wild gyrations in the iron ore price continued on Friday, fitting with skittish movements seen earlier in the week. According to Metal Bulletin, the spot price for benchmark 62% fines rose by 2.66%, or $1.42, to $54.89 a tonne on Friday, recovering around half the losses previously recorded on […]
Volatility in the iron ore price is reaching extreme levels