Iron ore price

The ferrous complex is getting more and more volatile.

The ferrous complex firmed on Friday May 28, 2021 as Chinese policy pushed the market around like flies to wanton boys.

Whether China cuts off Australian iron ore is not in question.

The ferrous complex bifurcated yesterday as spot corrected lower after the day before’s price wackness.

As usual, Australian discussion around the political economy is more gawking than it is intelligence.

The great ferrous crash continued May 26, 2020 as Beijing maintained the rage against speculators in steel and iron ore alike.

The arrogance emanating from Australian commentary about its iron ore shipments to China in recent times has been something to watch.

The ferrous complex was roughly stable on May 25, 2021.

The ferrous complex was slaughtered yesterday as Beijing ramps up its campaign to burst the commodity bubble.

The panic about commodity prices has reached a new level of silliness at Bloomberg this morning: Despite Beijing’s best efforts, asset bubbles are forming in China.

The ferrous complex continued to deflate Friday as spot was clubbed, paper kept on falling, all of it catching down to steel: The bubble is bursting.

Readers will recall the Skyscraper Index, that colossal monument to human folly which so often predicts imminent recession for those that dare build to the heavens.

The ferrous complex found a bottom yesterday as DXY fell and politics calmed down.

It is carnage in the ferrous complex.

The ferrous complex was hot again yesterday but was cooled overnight by a full-court press coming from China to pop the bubble: China is not happy and the NDRC has shown its hand: “The rise in commodity prices has both pros and cons on China.

The ferrous complex is still in an advanced state of hysteria as spot and paper roar while steel continues to crash: As said in recent weeks, I have no idea where the price is going now in the near term.

The ferrous complex pumped and dumped last week in a manner consistent with a blowoff top: Spot boomed then busted.

The ferrous complex crashed yesterday after an insane week of gains: The spot market was closed owing to a Singapore holiday but paper tells the tale.

Yesterday Australia received some very, very big news.

Commodity prices are a bubble and the pin is closing in fast.

The ferrous complex calmed down a little yesterday after Chinese regulatory intervention but oftentimes it takes more than one hammer to hit the iron ore nail so expect further moves.

As we know, iron ore is off the wall for the time being.

Australia’s China divorce hits another milestone today.

The entire ferrous complex is now in an advanced state of hysteria, both greed and fear. Everything is tearing the roof off (though steel did not update): The underlying market is not tight enough to rationalise this.