Iron Ore

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

The “good news is bad news” dam broke on Wall Street last night despite mixed data and weak corporate outlooks, setting off the inevitable “summer swoon”. Dow down 225. (Accessible only for subscribers before 10:15 AEST)

Not everyone believes the Fed will begin tapering next month, but enough do, sending Wall Street drifting south. Dow down 113. (Accessible only for subscribers before 10:15 AEST)

An up and down day on Wall Street featured a suggestion from a Fedhead initial tapering would be mild. Dow up 33. (Accessible only for subscribers before 10:15 AEST)

Uranium is being stockpiled in China, metal prices are subdued and the outlook is mixed, but economic fundamentals are strengthening.

Summer volumes continue, but Wall Street did manage a more familiar comeback last night. Down down 5. (Accessible only for subscribers before 10:15 AEST)

Last September the spot iron ore price suffered an alarming plunge to below US$90/t on seasonal Chinese destocking, but analysts can’t see the same happening again this year.

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

After three down-days, Wall Street managed a mild up-session last night with Chinese data adding some impetus. Dow up 27. (Accessible only for subscribers before 10:15 AEST)

It’s been a lacklustre year so far for coal and prices are expected to stay under pressure.