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Strong margins open the door for $US200 iron ore | Hellenic Shipping News Worldwide


Strong margins open the door for $US200 iron ore
Strong steel margins could pave the way for the price of iron ore to hit $US200 a tonne, commodity investors say, as Australian and Brazilian producers struggle to keep up with demand from China.
Iron ore prices shot to a nine-year high on Monday, rising 1.9 per cent to $US181.80 a tonne in the spot market, supported by strong margins at Chinese steel mills, according to Fastmarkets MB.
“I would never put a cap on where prices can go,” said Tribeca Global Natural Resources portfolio manager Ben Cleary. “Customers’ margins are increasing, not decreasing, and so there’s definitely runway to go to $US200 [a tonne].” ....

Rio Tinto , Ben Cleary , Vivek Dhar , Bluescope Steel , Tribeca Global Natural Resources , Western Australia , Scope Steel , Australian Financial , ரியோ டின்டோ , பென் தெளிவானது , விவேக் தார் , ப்ளூஸ்கோப் எஃகு , ட்ரிபெக்கா உலகளாவிய இயற்கை வளங்கள் , மேற்கு ஆஸ்திரேலியா , வாய்ப்பு எஃகு , ஆஸ்திரேலிய நிதி ,

Market may be underestimating iron ore boom


Market may be underestimating iron ore boom
Analyst models expect the sky-high iron ore price to plunge 30 per cent in the next 10 weeks. But our mining giants have a different view of Chinese demand.  
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Things could hardly be better for BHP and its shareholders.
With just 2½-months to go in the financial year, the mining giant’s March quarter production numbers released on Wednesday suggest it is on the cusp of beating its own iron ore export target for shipments in the full year of 286 million tonnes.
Better yet, the strong performance – arguably stronger than that of Rio Tinto, which dug into iron ore stockpiles during the March quarter – comes amid a demand boom that has sent iron ore prices to record levels in Australian dollar terms, and near all-time highs in US dollar terms. ....

United States , Ben Cleary , Mike Henry , Goldman Sachs , Global Australian , Tribeca Global Natural Resources , ஒன்றுபட்டது மாநிலங்களில் , பென் தெளிவானது , மைக் ஹென்றி , கோல்ட்மேன் சாக்ஸ் , உலகளாவிய ஆஸ்திரேலிய , ட்ரிபெக்கா உலகளாவிய இயற்கை வளங்கள் ,

Daily iron ore price update (immensely bearish)

Daily iron ore price update (immensely bearish)
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

Ben Cleary , Tribeca Global Natural Resources , பென் தெளிவானது , ட்ரிபெக்கா உலகளாவிய இயற்கை வளங்கள் ,