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avoid production? you make it sound like they are the ones in...

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SuperTim

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03/02/16

13:25

Post #: 16931036
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Originally posted by I Wish ↑

Will mngt have another excuse to avoid production while they work "tirelessly"
With regard to I/O price this is a period were price drops due to lower purchases brought about by Chinese NY.
Lets hope it keeps going.

Iron ore lifts above $US43

Elizabeth Redman

1 hour ago

Markets

The iron ore price has lifted overnight as a report predicted production growth would slow sharply over the next four years.
Overnight, the iron ore price rose 1.4 per cent to $US43.10 per tonne. The commodity has gained or held steady for each of the past five sessions.
The pace of growth in global iron ore production is likely to shrink, even though major miners continue to increase their output, according to research from Fitch-owned BMI, reported by Bloomberg.
Production will increase at an average annual rate of 0.3 per cent from this year until 2020, down from average annual growth of 4 per cent from 2011 to 2015, BMI said.
The research house expects major miners such as Australia’s BHP Billiton and Rio Tinto, as well as Brazil’s Vale, to keep producing more ore.

But production in China will fall, shrinking an average 4 per cent annually until 2020, BMI said.
As China slows, the iron ore market has been oversupplied, putting pressure on prices. Although many analysts expect some supply to leave and the market to come back to balance in time, some smaller producers have been able to maintain operations for longer than observers thought.
http://www.businessspectator.com.au/news/2016/2/3/markets/iron-ore-lifts-above-us43

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avoid production?

you make it sound like they are the ones in control, please..
FMS Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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Last 80.5¢		Change -0.015(1.83%)		Mkt cap ! $160.8M

Open	High	Low	Value	Volume
80.5¢	80.5¢	80.5¢	$2.347K	2.915K

Buyers (Bids)

No.	Vol.	Price($)
1	42	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.0¢	1694	1

View Market Depth

No.	Vol.	Price($)
1	42	0.800
1	16200	0.760
1	5538	0.740
1	1309	0.700
1	7246	0.690

Price($)	Vol.	No.
0.820	4641	1
0.870	3999	1
0.880	10355	1
0.890	2368	1
0.910	20000	1

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avoid production? you make it sound like they are the ones in...

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

avoid production? you make it sound like they are the ones in...

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News