Tag Archives: Fortescue Metals Group

Iron ore price in free-fall as it breaches US$85 per tonne

Michael Sainsbury The benchmark price of iron ore appears to be in free-fall as it slumped another 1.6% to close the day at US$84.30 for 62%Fe product at China’s Tianjin port as it continued its slide towards five years lows last seen in October 2009 during the global financial crisis. At these prices about 25

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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 price to tumble below US$90?

Michael Sainsbury The iron ore price hit its lowest mark so far this quarter today (August 13) falling to US$93.20 and appears to be moving down towards the psychological price of US$90 per tonne. For the past month it has averaged about US$95 and has been below US$100 since mid-May, breaching US$90 briefly on June

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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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