News

Iron ore market in temporary equilibrium?

Quick chart that tracks Port Hedland iron ore loaded exports, Chinese port inventories versus the spot price for 62% concentrate. In October Port Hedland shipped a record amount of ore with some 29.8m d/mt going to China. While that was down on the 31.7m d/mt shipped...

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Risk retreats on reports of ECB revolt

Market Update November 5 Bad news for ECB President Mario Draghi and those looking for further aggressive steps from the ECB, if the reports heard overnight become reality, with Reuters reporting that ‘National central bankers in the euro area plan to challenge...

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Major data, RBA and a horse race

Market Update November 4 US manufacturing activity accelerated sharply in October with the ISM’s PMI gauge rising to 59.0. The reading, the equal-highest level seen since February 2011, was far stronger than the 56.6 figure of September and expectations for a decline...

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The views presented by Scutt Partners are general in nature. The information provided should NOT be used by investors as financial advice. Each investor has a specific set of circumstances to be considered and any investment should only be carried out after consulting your own financial advisors.

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