Tag Archives | iron ore

Broad Commodities Sell-Off Threatens Petrochemicals

By John Richardson

IRON ore prices are now down by nearly 40% so far this year to a level not seen since September 2009.

As for crude oil, Brent has now dipped below $100 per barrel, for the first time …

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China Will Not Shut Down. It Will Instead Run Harder.

By John Richardson

EVERY $10 decline in the iron ore price knocks more than $2bn off the annual revenues of Vale,  Rio Tinto and BHP Billion and around $250m from those of Anglo American.

We can see a similar dynamic …

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China Iron Ore Stocks Can Build 1,200 Empire State Buildings

By John Richardson

CHINA’S commodity imports boom was, of course, mainly down to the rise its middle class as hundreds of millions more of its citizens became rich enough to buy a refrigerator, a TV and a car for the …

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China’s Rough Ride To Sustainable Growth

By John Richardson

IT makes no sense whatsoever to think that the transition to another type of growth in China will inevitably be so smooth that there is hardly any disruption to the global economy, and, with it, of course, …

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Australia: Nice Work If You Were Able To Get It

By John Richardson

BACK in the late 1990s, the blog held a discussion with an Australian petrochemicals industry executive. He described his country’s approach to free trade, or rather the lack of it, as “to put it politely, naïve, and …

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China’s September Trade Data Shows Real Direction

By John Richardson

EVIDENCE that decoupling might be a myth has grown with the release of China’s September export data.

Exports to the ASEAN (Association of Southeast Asian Nations) region fell 9.8% by value in September 2013 compared with the …

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Irrationality And Staying Solvency

By John Richardson

JOHN Maynard Keynes, the famous economist and speculator ,  once said “the market can stay irrational longer than you can stay solvent.”

In other words, if you are a trader you can sit around for ages waiting …

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Analyse The Data And Listen To Li Keqiang

By John Richardson

IT IS important to look at long-term trends in China rather than be misled by a few positive sets of data. This is not pessimism, just realism.

Yesterday saw the release of very good August export data.  …

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Come On Mr Abbott, Please

By John Richardson

TONY Abbott, in his victory speech on Saturday following the Coalition victory in the Australian Federal Election, renewed his pledge to scrap the carbon tax, stop the boat people and bring the budget back into surplus.

Come …

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Adjusting Inventories To Lower China Growth

By John Richardson

EXCESSIVE inventory building across a range of commodities in China, including  petrochemicals, continues to worry the blog.

One reason, as we discussed yesterday, might be that traders are in the midst of a liquidity squeeze as a …

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