Iron Ore Prices

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Iron ore streak extends to six days
DANIEL PALMER BUSINESS SPECTATOR APRIL 24, 2015 10:03AM

The price of iron ore is trading near a one-month high after extending its run of sessions without a loss to six.

At the end of the latest session, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US53.80 a tonne, according to numbers from The Steel Index, up 1.7 per cent from its prior close of $US52.90 a tonne.

The commodity’s best two-week streak this year has seen it soar 15 per cent from the 10-year low of $US46.70 a tonne it reached earlier in the month and has led it to its highest mark since March 27.

Helping drive the recent price recovery has been fresh stimulus from Beijing and the prospect of more moves in the pipeline, BHP Billiton’s decision to slow its planned expansion, albeit slightly, and surging oil prices.

Meanwhile, the debate over future iron ore demand has been heating up amid new criticism of BHP and Rio Tinto’s forecast that China’s steel production will peak at 1 billion tonnes next decade.

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MORETurning ore price brings fresh hope
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“It’s a number which has taken on a life of its own,” Clinton Dines, the head of BHP’s China business for 21 years until 2009, told The Australian Financial Review.

“Anyone with any nous would query it as a very nice round, convenient number. How could you ever forecast that?”

Mr Dines’ comments follow assertions from the World Steel Association that China’s steel demand may have already peaked.

However, hopes for further expansion have been boosted by Japanese conglomerate Mitsui, with the firm’s Australian boss expressing confidence China’s ongoing urbanisation will ensure a peak is still years away.

“China still has a lot of room to urbanise and further invest in infrastructure further,” Yasushi Takahashi said.

“In our opinion the peak will come later. Why we say that is that much more development is needed in many other cities and it will stimulate further infrastructure investment, which will lead to more steel demand.”

The debate is critical to the iron ore industry as it will dictate the capability of the market to handle as much as 300 million tonnes coming on-stream in the next few years.

Business Spectator
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Iron Ore Prices - by greengiraffe - 20-05-2014, 07:36 PM
RE: Iron Ore Prices - by greengiraffe - 20-05-2014, 10:57 PM
RE: Iron Ore Prices - by BlueKelah - 21-05-2014, 01:49 AM
RE: Iron Ore Prices - by CityFarmer - 21-05-2014, 09:19 AM
RE: Iron Ore Prices - by Greenrookie - 21-05-2014, 09:37 AM
RE: Iron Ore Prices - by greengiraffe - 22-05-2014, 10:57 PM
RE: Iron Ore Prices - by greengiraffe - 23-05-2014, 11:43 PM
RE: Iron Ore Prices - by greengiraffe - 24-05-2014, 02:32 PM
RE: Iron Ore Prices - by greengiraffe - 24-05-2014, 02:52 PM
RE: Iron Ore Prices - by greengiraffe - 29-05-2014, 08:50 AM
RE: Iron Ore Prices - by greengiraffe - 29-05-2014, 10:34 PM
RE: Iron Ore Prices - by greengiraffe - 30-05-2014, 01:03 PM
RE: Iron Ore Prices - by greengiraffe - 01-06-2014, 11:16 PM
RE: Iron Ore Prices - by greengiraffe - 03-06-2014, 10:51 PM
RE: Iron Ore Prices - by greengiraffe - 04-06-2014, 10:34 PM
RE: Iron Ore Prices - by greengiraffe - 09-06-2014, 10:58 PM
RE: Iron Ore Prices - by greengiraffe - 17-06-2014, 06:31 PM
RE: Iron Ore Prices - by greengiraffe - 18-06-2014, 10:09 PM
RE: Iron Ore Prices - by greengiraffe - 22-06-2014, 11:23 PM
RE: Iron Ore Prices - by greengiraffe - 29-06-2014, 10:32 PM
RE: Iron Ore Prices - by greengiraffe - 30-06-2014, 10:32 PM
RE: Iron Ore Prices - by greengiraffe - 10-07-2014, 10:58 PM
RE: Iron Ore Prices - by greengiraffe - 22-07-2014, 06:59 AM
RE: Iron Ore Prices - by greengiraffe - 22-07-2014, 10:55 PM
RE: Iron Ore Prices - by greengiraffe - 25-07-2014, 10:54 PM
RE: Iron Ore Prices - by greengiraffe - 28-07-2014, 10:32 AM
RE: Iron Ore Prices - by greengiraffe - 29-07-2014, 08:20 PM
RE: Iron Ore Prices - by greengiraffe - 03-08-2014, 10:46 PM
RE: Iron Ore Prices - by greengiraffe - 06-08-2014, 08:53 PM
RE: Iron Ore Prices - by greengiraffe - 14-08-2014, 06:56 AM
RE: Iron Ore Prices - by greengiraffe - 16-08-2014, 02:03 PM
RE: Iron Ore Prices - by greengiraffe - 17-08-2014, 11:24 PM
RE: Iron Ore Prices - by greengiraffe - 22-08-2014, 07:32 AM
RE: Iron Ore Prices - by greengiraffe - 24-08-2014, 10:24 PM
RE: Iron Ore Prices - by greengiraffe - 25-08-2014, 11:36 AM
RE: Iron Ore Prices - by greengiraffe - 26-08-2014, 06:27 AM
RE: Iron Ore Prices - by greengiraffe - 26-08-2014, 10:38 PM
RE: Iron Ore Prices - by greengiraffe - 29-08-2014, 04:46 PM
RE: Iron Ore Prices - by greengiraffe - 29-08-2014, 11:06 PM
RE: Iron Ore Prices - by BlackCat - 30-08-2014, 10:47 AM
RE: Iron Ore Prices - by BlueKelah - 30-08-2014, 08:50 PM
RE: Iron Ore Prices - by specuvestor - 02-09-2014, 11:08 AM
RE: Iron Ore Prices - by greengiraffe - 31-08-2014, 07:36 AM
RE: Iron Ore Prices - by greengiraffe - 31-08-2014, 10:07 PM
RE: Iron Ore Prices - by greengiraffe - 02-09-2014, 08:20 AM
RE: Iron Ore Prices - by greengiraffe - 02-09-2014, 10:44 PM
RE: Iron Ore Prices - by greengiraffe - 02-09-2014, 10:49 PM
RE: Iron Ore Prices - by greengiraffe - 04-09-2014, 06:34 AM
RE: Iron Ore Prices - by greengiraffe - 06-09-2014, 08:09 PM
RE: Iron Ore Prices - by greengiraffe - 06-09-2014, 08:18 PM
RE: Iron Ore Prices - by greengiraffe - 07-09-2014, 10:57 PM
RE: Iron Ore Prices - by greengiraffe - 09-09-2014, 10:42 PM
RE: Iron Ore Prices - by greengiraffe - 09-09-2014, 11:22 PM
RE: Iron Ore Prices - by greengiraffe - 11-09-2014, 05:31 AM
RE: Iron Ore Prices - by greengiraffe - 11-09-2014, 05:58 AM
RE: Iron Ore Prices - by BlueKelah - 11-09-2014, 12:38 PM
RE: Iron Ore Prices - by freedom - 11-09-2014, 01:27 PM
RE: Iron Ore Prices - by BlueKelah - 11-09-2014, 03:06 PM
RE: Iron Ore Prices - by greengiraffe - 11-09-2014, 08:23 PM
RE: Iron Ore Prices - by greengiraffe - 11-09-2014, 11:20 PM
RE: Iron Ore Prices - by greengiraffe - 14-09-2014, 10:04 AM
RE: Iron Ore Prices - by greengiraffe - 15-09-2014, 07:31 AM
RE: Iron Ore Prices - by greengiraffe - 16-09-2014, 07:00 AM
RE: Iron Ore Prices - by greengiraffe - 18-09-2014, 07:35 AM
RE: Iron Ore Prices - by greengiraffe - 18-09-2014, 11:21 PM
RE: Iron Ore Prices - by greengiraffe - 19-09-2014, 08:53 PM
RE: Iron Ore Prices - by greengiraffe - 21-09-2014, 11:14 PM
RE: Iron Ore Prices - by greengiraffe - 22-09-2014, 01:32 PM
RE: Iron Ore Prices - by greengiraffe - 23-09-2014, 06:52 AM
RE: Iron Ore Prices - by greengiraffe - 23-09-2014, 10:19 PM
RE: Iron Ore Prices - by greengiraffe - 24-09-2014, 07:49 AM
RE: Iron Ore Prices - by greengiraffe - 24-09-2014, 07:50 AM
RE: Iron Ore Prices - by greengiraffe - 26-09-2014, 08:06 AM
RE: Iron Ore Prices - by greengiraffe - 29-09-2014, 11:58 PM
RE: Iron Ore Prices - by greengiraffe - 30-09-2014, 09:17 AM
RE: Iron Ore Prices - by greengiraffe - 30-09-2014, 10:36 PM
RE: Iron Ore Prices - by greengiraffe - 01-10-2014, 11:07 PM
RE: Iron Ore Prices - by BlueKelah - 02-10-2014, 12:32 AM
RE: Iron Ore Prices - by greengiraffe - 03-10-2014, 07:09 AM
RE: Iron Ore Prices - by greengiraffe - 07-10-2014, 09:09 AM
RE: Iron Ore Prices - by greengiraffe - 08-10-2014, 06:53 AM
RE: Iron Ore Prices - by greengiraffe - 09-10-2014, 11:50 PM
RE: Iron Ore Prices - by greengiraffe - 10-10-2014, 11:04 PM
RE: Iron Ore Prices - by greengiraffe - 11-10-2014, 08:44 AM
RE: Iron Ore Prices - by BlueKelah - 11-10-2014, 09:55 AM
RE: Iron Ore Prices - by greengiraffe - 12-10-2014, 09:12 AM
RE: Iron Ore Prices - by greengiraffe - 14-10-2014, 06:09 AM
RE: Iron Ore Prices - by greengiraffe - 14-10-2014, 09:46 PM
RE: Iron Ore Prices - by greengiraffe - 16-10-2014, 07:01 AM
RE: Iron Ore Prices - by greengiraffe - 16-10-2014, 07:07 AM
RE: Iron Ore Prices - by greengiraffe - 16-10-2014, 07:12 AM
RE: Iron Ore Prices - by greengiraffe - 16-10-2014, 04:04 PM
RE: Iron Ore Prices - by greengiraffe - 17-10-2014, 06:44 AM
RE: Iron Ore Prices - by greengiraffe - 17-10-2014, 11:30 PM
RE: Iron Ore Prices - by greengiraffe - 17-10-2014, 11:31 PM
RE: Iron Ore Prices - by greengiraffe - 18-10-2014, 05:30 PM
RE: Iron Ore Prices - by specuvestor - 19-10-2014, 03:43 PM
RE: Iron Ore Prices - by greengiraffe - 20-10-2014, 11:09 PM
RE: Iron Ore Prices - by greengiraffe - 22-10-2014, 07:16 AM
RE: Iron Ore Prices - by greengiraffe - 24-10-2014, 06:52 AM
RE: Iron Ore Prices - by greengiraffe - 25-10-2014, 07:54 AM
RE: Iron Ore Prices - by greengiraffe - 27-10-2014, 07:08 AM
RE: Iron Ore Prices - by greengiraffe - 29-10-2014, 07:34 AM
RE: Iron Ore Prices - by greengiraffe - 30-10-2014, 10:24 PM
RE: Iron Ore Prices - by greengiraffe - 04-11-2014, 10:38 PM
RE: Iron Ore Prices - by greengiraffe - 05-11-2014, 07:28 AM
RE: Iron Ore Prices - by greengiraffe - 06-11-2014, 06:34 AM
RE: Iron Ore Prices - by greengiraffe - 06-11-2014, 10:50 PM
RE: Iron Ore Prices - by greengiraffe - 09-11-2014, 11:12 PM
RE: Iron Ore Prices - by greengiraffe - 09-11-2014, 11:39 PM
RE: Iron Ore Prices - by greengiraffe - 09-11-2014, 11:41 PM
RE: Iron Ore Prices - by greengiraffe - 10-11-2014, 06:58 AM
RE: Iron Ore Prices - by greengiraffe - 11-11-2014, 10:08 PM
RE: Iron Ore Prices - by greengiraffe - 11-11-2014, 10:15 PM
RE: Iron Ore Prices - by greengiraffe - 12-11-2014, 10:30 PM
RE: Iron Ore Prices - by greengiraffe - 14-11-2014, 08:10 AM
RE: Iron Ore Prices - by greengiraffe - 17-11-2014, 07:13 AM
RE: Iron Ore Prices - by greengiraffe - 19-11-2014, 08:23 AM
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RE: Iron Ore Prices - by greengiraffe - 20-11-2014, 10:57 PM
RE: Iron Ore Prices - by greengiraffe - 22-11-2014, 07:21 PM
RE: Iron Ore Prices - by greengiraffe - 22-11-2014, 07:34 PM
RE: Iron Ore Prices - by greengiraffe - 23-11-2014, 11:10 PM
RE: Iron Ore Prices - by greengiraffe - 26-11-2014, 10:31 AM
RE: Iron Ore Prices - by greengiraffe - 30-11-2014, 11:13 PM
RE: Iron Ore Prices - by BlueKelah - 30-11-2014, 11:39 PM
RE: Iron Ore Prices - by greengiraffe - 01-12-2014, 12:22 PM
RE: Iron Ore Prices - by greengiraffe - 02-12-2014, 07:29 AM
RE: Iron Ore Prices - by greengiraffe - 05-12-2014, 08:24 AM
RE: Iron Ore Prices - by greengiraffe - 06-12-2014, 04:00 PM
RE: Iron Ore Prices - by greengiraffe - 06-12-2014, 06:07 PM
RE: Iron Ore Prices - by greengiraffe - 10-12-2014, 11:01 PM
RE: Iron Ore Prices - by greengiraffe - 04-01-2015, 10:17 PM
RE: Iron Ore Prices - by greengiraffe - 14-01-2015, 11:10 PM
RE: Iron Ore Prices - by greengiraffe - 04-02-2015, 11:19 PM
RE: Iron Ore Prices - by edragon - 13-02-2015, 02:35 PM
RE: Iron Ore Prices - by BlueKelah - 13-02-2015, 08:22 PM
RE: Iron Ore Prices - by greengiraffe - 15-03-2015, 09:38 AM
RE: Iron Ore Prices - by greengiraffe - 24-03-2015, 08:15 AM
RE: Iron Ore Prices - by greengiraffe - 27-03-2015, 10:08 PM
RE: Iron Ore Prices - by greengiraffe - 29-03-2015, 11:00 PM
RE: Iron Ore Prices - by BlueKelah - 02-04-2015, 05:04 PM
RE: Iron Ore Prices - by greengiraffe - 05-04-2015, 12:28 PM
RE: Iron Ore Prices - by greengiraffe - 05-04-2015, 12:29 PM
RE: Iron Ore Prices - by tulipbubble - 06-04-2015, 01:43 PM
RE: Iron Ore Prices - by BlueKelah - 13-04-2015, 09:59 PM
RE: Iron Ore Prices - by greengiraffe - 13-04-2015, 10:13 PM
RE: Iron Ore Prices - by greengiraffe - 16-04-2015, 10:51 PM
RE: Iron Ore Prices - by greengiraffe - 24-04-2015, 08:13 AM
RE: Iron Ore Prices - by greengiraffe - 24-04-2015, 08:15 AM
RE: Iron Ore Prices - by greengiraffe - 24-04-2015, 08:16 AM
RE: Iron Ore Prices - by greengiraffe - 29-04-2015, 02:03 PM
RE: Iron Ore Prices - by greengiraffe - 28-05-2015, 12:01 AM
RE: Iron Ore Prices - by greengiraffe - 03-06-2015, 07:54 AM
RE: Iron Ore Prices - by greengiraffe - 06-06-2015, 09:34 PM
RE: Iron Ore Prices - by greengiraffe - 12-06-2015, 10:56 PM
RE: Iron Ore Prices - by greengiraffe - 23-06-2015, 08:55 PM
RE: Iron Ore Prices - by greengiraffe - 02-07-2015, 05:27 PM
Iron ore price plunges over 5% - by BlueKelah - 03-07-2015, 10:26 AM
RE: Iron Ore Prices - by greengiraffe - 03-07-2015, 10:38 AM
RE: Iron Ore Prices - by greengiraffe - 08-07-2015, 11:21 PM
RE: Iron Ore Prices - by greengiraffe - 09-07-2015, 07:13 AM
RE: Iron Ore Prices - by greengiraffe - 10-07-2015, 07:38 AM
RE: Iron Ore Prices - by greengiraffe - 21-07-2015, 08:09 AM
RE: Iron Ore Prices - by greengiraffe - 30-07-2015, 10:38 AM
RE: Iron Ore Prices - by greengiraffe - 07-08-2015, 07:55 AM
RE: Iron Ore Prices - by greengiraffe - 21-08-2015, 11:28 PM
RE: Iron Ore Prices - by greengiraffe - 13-10-2015, 09:04 PM
RE: Iron Ore Prices - by greengiraffe - 15-10-2015, 10:02 AM
RE: Iron Ore Prices - by greengiraffe - 22-10-2015, 06:24 AM
RE: Iron Ore Prices - by greengiraffe - 28-10-2015, 06:43 AM
RE: Iron Ore Prices - by greengiraffe - 29-10-2015, 06:04 AM
RE: Iron Ore Prices - by greengiraffe - 02-11-2015, 05:03 PM
RE: Iron Ore Prices - by greengiraffe - 10-11-2015, 10:27 PM
RE: Iron Ore Prices - by greengiraffe - 12-11-2015, 07:45 AM
RE: Iron Ore Prices - by greengiraffe - 21-11-2015, 11:15 PM
RE: Iron Ore Prices - by greengiraffe - 24-11-2015, 10:57 PM
RE: Iron Ore Prices - by greengiraffe - 23-12-2015, 09:00 AM
RE: Iron Ore Prices - by greengiraffe - 04-01-2016, 08:27 AM

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