Toekomstbeeld schreef op 12 april 2017 13:04:
Zoals al eerder opgemerkt, de Iron ore prijsdalingen komen op dit moment voort uit speculanten/shorters die gebruik maken van het sentiment.Fundamenteel niet veel aan de hand en mooi dat de voorraden (zie ook voorgaande posting) dalen. Uiteindelijk zal de demandkant weer de bovenhand krijgen.
Is wel erg zuur en kost dagelijks erg veel (papieren) verlies.
Panic throws iron ore prices below $70 per tonne cfr
Seaborne iron ore offers were cut below the $70-per-tonne-cfr mark on Wednesday April 12 as sellers began to panic with “nobody buying”.
Key drivers China’s ferrous futures and steel markets continued to slump across the board. The benchmark steel and iron ore contracts shed 3-4% during the day, while spot rebar and hot rolled coil prices dropped 70-150 yuan ($10-22) per tonne. Short-sellers are unleashing their energy amid the market where confidence is nowhere to be found, a trading source in Shanghai said. Liquidity remained dry for both seaborne and port cargoes, as mills and traders are both drawing down their iron ore stocks, he added. Fixed-price seaborne offers have been trimmed lower and lower on platforms over the past few days, but "nobody seems to be buying in during this round of downturn", according to sources.
www.metalbulletin.com/Article/3709202...