Tag Archives: Vale

Chinese economy sneezes, Australian miners catch a bad cold

Michael Sainsbury China’s economy is slowing, and its housing market is in the toilet. While Treasury forecasts suggest everything is fine, underneath the surface the cracks are beginning to show. China’s economic growth in the third quarter was 7.3%  compared with the same time last year — its worst since 2009 — amid a continued downturn in the property

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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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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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