io price, page-300

SSE Composite Down -(0.15%)

RIO NYSE UP   1.88%
BHP NYSE UP  1.90%
VALE NYSE UP 2.86%
CLF NYSE UP   5.01%

Platts Spot Price 62% Fe unchanged at $98/dmt US

Platts Spot Price 62% Fe UP 6 Cents $104.63/dmt AUD


Dalian iron ore holds near 7-week high after firm GDP  

http://www.reuters.com/article/2014/07/16/markets-ironore-idUSL4N0PR1SD20140716



"Rio Tinto Group (RIO), the world’s second-largest mining company, said today iron ore production in the three months to June gained 11 percent, while Fortescue Metals Group Ltd. said its shipments were 57 percent higher on year.

Surplus Market

“We remain bearish on iron ore, and expect a surplus market to drive the longer-term price down,” the Goldman analysts wrote in yesterday’s report. “We see limited upside for agricultural commodities over the longer run.” Deutsche Bank said last month commodity prices will remain subdued for years as many of the factors and fears that drove the super-cycle have dissipated. Citigroup said in April 2013 that death bells would ring for the commodity super-cycle."

http://www.bloomberg.com/news/2014-...odity-prices-over-five-years-on-supplies.html