Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 5 August 2015

Will iron ore prices fall?

Haven't seen the July figures out of Port Hedland yet, but looking at the latest Chart Packs from the Reserve Bank of Australia (RBA)....ahhhm, yeah I'd say so.

Bulk Commodity Exports graph

Australia is doing its darned-est to grab its share of the demand for ore from China.

Quarterly iron ore exports per the RBA's data have turned almost parabolic towards 200Mt.

Coal exports are still going some too, a huge volume of supply.