Tag Archives: Chinese Steel mills

Global supply glut puts coal producers under pressure

Michael Sainsbury Nikkei Asian Review, asia.nikkei.com, 29 August 2014 It has been a tough year for commodities, particularly large-volume bulk commodities, but none face as much of a challenge as coal. Prices for both thermal coal and metallurgical coal for steelmaking have languished for the past two to three years amid a supply glut. Thermal

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Iron ore price horror: near five year lows

Michael Sainsbury The iron ore price fell below US$89 per tonne today, its lowest mark in almost five years, and it is set to fall even further with China’s housing market – which has underpinned the commodity for the past few years – showing no signs of recovery , despite some stimulus efforts by the

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Iron ore plunges to US$91.80, small miners facing losses

Michael Sainsbury As regular readers will know, Little Red Blog has, for quite some time been unfashionably bearish on both the Chinese economy and the iron ore price. So it’s with some relief that we can report that both are softening at the sort of rate we had expected but which most, at the start

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Iron ore tumbles as China slows

Michael Sainsbury Tightening credit conditions in China, high steel inventories and surging supply on March 10 triggered iron ore’s biggest one-day fall in more than three years. Big ore producers, including Rio Tinto and BHP Billiton, brushed aside concerns about slowing demand from China, dismissing the decline in prices as temporary. Chinese steel industry representatives, however,

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Chinese trading fraud moves Australia’s markets. Again.

Michael Sainsbury  Here we go again. Market robots (dressed in expensive suits as well as their quant computer rivals) moving the Australian dollar and share markets up and down with each sliver of slightly rubbishy data that comes out of China. Just 11 days ago it was all doom and gloom when the PMI –

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