Iron ore price

Find below the iron ore price table for December 6, 2013: Port stocks rose another million tonnes to 85.4mt last week: In news, from Xinua: China’s crude steel consumption for 2013 is estimated at 693 million tonnes and it is expected to grow 3.2 percent year on year to reach 715 million tonnes in 2014, an industry expert said on Friday.

From the AFR.

Find below the iron ore price table for December 4, 2013: There’s a pretty decent rally in the offing here I reckon.

Find below the iron ore price table for December 12, 2013: All green and the charts have broken out with 12 month the highest since March: If spot can get through $142.80 we’re off to the races on the restock for the first quarter of next year.

The iron ore price table for December 2, 2013 is below: No news today but I will observe that the swaps market is steadily repricing 2014 iron ore contracts upwards currently.

The AFR has another bullish iron ore take this afternoon: Commonwealth Bank senior economist Michael Workman said market expectations had wrongly indicated the iron ore price would be 10 to 20 per cent lower than its current value.

Find below the iron ore price table for November 29, 2013: Stable again.

Yesterday’s iron ore price rose 0.3% to $US136.40 per tonne.

Yesterday’s iron ore price rose slightly to $136, 12 month swaps fell slightly to  $116.94: Rebar average rose a bit to 3536: Not much news but I wanted to quickly observe just how long and spooky this period of calm pricing has bee.

The iron ore spot price fell yesterday 0.4% to $135.90.

No change in the spot price yesterday with it still at $136.50.

The iron ore price table for November 22, 2013 is below: The spooky stability of spot continues and you may have noted as well that 12 month swaps a re drifting up towards $120.

Not new but worth repeating.

The iron ore prices for 19th November included a 0.5% fall in spot to $136.50.

From the AFR this arvo a few insights into mining costs: New Hope chief executive Rob Neale said the downturn in the coal industry had yet to bottom out, saying the tough conditions were expected to remain for the next few years.

Find below the iron ore price table for November 18, 2013: In news today, Reuters explores Dalian futures: China is making its third attempt in two years to have a bigger say in pricing iron ore.

From the AFR: Downer EDI has been awarded a four and a half year contract worth $500 million with Roy Hill Iron Ore for early mining services at the open cut mine in the Pilbara, Western Australia.

Find below the iron ore price table for November 15, 2013: And the charts: Rebar is rolling over.

Funny how the world works.