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).

4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

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.