Tag Archives | iron ore

Rudderless Australia Drifts On

By John Richardson

THERE used to be two certainties in life that everyone in Australia could depend on. We all know that the first certainty was, and sadly still is, death. But the second certainty was China acting as the …

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China Peak Steel And Chemicals Demand May Have Arrived

By John Richardson

EVERYONE involved in the iron ore business must be very worried about the recent speech by the new chairman of the China Iron & Steel Association.

“Under the ‘new normal’ China’s iron and steel consumption has already …

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Too Late For Iron Ore, But Not For Petrochemicals

By John Richardson

YOU might be familiar with the phrase “putting all your eggs in one basket”. It is the kind of phrase that you learn at your mother’s knee, and yet CEOS seem to have forgotten what they were …

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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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