Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 7 January 2015

Port Hedland Iron Ore Export Volumes +30 Percent in 2014

Port Hedland exports rebound

Port Hedland exports rebounded to 37.118 Mt in December 2014 following a decline in November.

Some 85.4 percent of that cargo was shipped to China and Taiwan with tonnage shipped to those countries increasing to 31.68 Mt (December 2013: 24.58 Mt). 

Despite the rebound in the month, the quarterly volume of exports was marginally lower in Q4 2014 than in the preceding quarter at a shade over 109 Mt.

Over the calendar year exports from Port Hedland of iron ore totalled 413.7 million tonnes, a 30 percent increase on the 2013 figure. 

The iron ore price was smashed during 2014 - largely due to the great increase in supply - and this was only to a limited extent offset by a decline in the Australian dollar.

Bloomberg, however, reports that stockpiles have now fallen to an 11 month low - this combined with accelerated infrastructure spending in China may provide a (short term) boost to prices.