{"id":1032,"date":"2015-10-14T07:40:51","date_gmt":"2015-10-13T20:40:51","guid":{"rendered":"http:\/\/www.bnmme.com.au\/?p=1032"},"modified":"2015-10-14T07:40:51","modified_gmt":"2015-10-13T20:40:51","slug":"iron-ore-to-slump-again-in-2016","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2015\/10\/14\/iron-ore-to-slump-again-in-2016\/","title":{"rendered":"Iron ore to slump again in 2016"},"content":{"rendered":"

\"5566486-3x2-340x227_1\"<\/a>Analysts predict further slumps for iron ore in 2016, as new projects such as Roy Hill come online and swing into full production.<\/p>\n

Weak demand growth in China and a stronger US dollar will ensure iron ore prices stay down, according to BMI Research.<\/p>\n

A report from BMI stated that investors expect the commodity to trade between $US50-60 per tonne for the rest of 2015, dropping again to the $US45-55 range in 2016.<\/p>\n

Market shares held by BHP, Rio Tinto and Brazilian major Vale have increased low-cost ore supplies, however China\u2019s steel consumption will contract by 1.3 per cent each year up to 2019, BMI said.<\/p>\n

\u201cGlobal iron ore majors will continue to ramp up production to squeeze out higher-cost competitors,\u201d BMI said.<\/p>\n

\u201cBHP Billiton, Rio Tinto and Vale all reported record output in 2014 and will increase output further in the quarters ahead.\u201d<\/p>\n

New shipments from Hancock Prospecting\u2019s Roy Hill Project were also flagged to contribute to an increasingly apparent glut of the steel-making commodity, with productivity to increase over the next year to full capacity.<\/p>\n

Fortescue Metals Group has also pledged to maintain their shipping levels despite weak prices, and recently gained 5.3 per cent on the ASX to a high of $2.30 on Monday, which has dropped to $2.23 and is continuing on a steady rise.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts predict further slumps for iron ore in 2016, as new projects such as Roy Hill come online and swing into full production. Weak demand growth in China and a stronger US dollar will ensure iron ore prices stay down, according to BMI Research. A report from BMI stated that investors expect the commodity to … Continue reading “Iron ore to slump again in 2016”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-1032","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-gE","jetpack-related-posts":[{"id":788,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/01\/21\/citics-sino-iron-mine-to-post-1-8-bn-writedown\/","url_meta":{"origin":1032,"position":0},"title":"CITIC\u2019s Sino Iron mine to post $1.8 bn writedown","author":"yinghui","date":"January 21, 2015","format":false,"excerpt":"Citic has been forced to writedown the value of its Sino Iron project in the Pilbara by $1.8 billion due the falling price of iron ore. The Chinese company said it expected its February financial results to include an after-tax asset impairment of between $US1.4 billion to $US1.8 billion. It\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":632,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/02\/iron-ore-could-be-in-trouble-for-over-ten-years\/","url_meta":{"origin":1032,"position":1},"title":"Iron ore could be in trouble for over ten years","author":"yinghui","date":"December 2, 2014","format":false,"excerpt":"An analyst out of China has warned the price of iron ore could fall to lows of $US50 a tonne. Shanghai Jianfeng vice-president Liang Ruian said oversupply coupled with a slowing property market in China could mean the price rout lasts for 10 years. Speaking to The Australian Liang said\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":678,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/12\/21\/rio-tinto-didnt-expect-iron-ore-to-crash-this-low-cfo\/","url_meta":{"origin":1032,"position":2},"title":"Rio Tinto didn\u2019t expect iron ore to crash this low: CFO","author":"yinghui","date":"December 21, 2014","format":false,"excerpt":"Head of finance at Rio Tinto said the falling price of iron ore, coal and oil has come as a surprise to most in the industry. Iron ore is battling losses of nearly 50 per cent while oil has lost around 40 per cent of its value. Coking and thermal\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":848,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/02\/27\/rio-tinto-reveals-plans-to-simplify-company\/","url_meta":{"origin":1032,"position":3},"title":"Rio Tinto reveals plans to \u2018simplify\u2019 company","author":"yinghui","date":"February 27, 2015","format":false,"excerpt":"Rio Tinto plans to condense its assets into four product groups as part of a major restructure in an effort to rein in costs. The corporate restructure will see its various assets now operate under: Aluminium, Copper and Coal, Diamonds and Minerals, and Iron Ore. As part of the changes,\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2616,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/02\/08\/the-most-valuable-mining-brands\/","url_meta":{"origin":1032,"position":4},"title":"The most valuable mining brands","author":"yinghui","date":"February 8, 2018","format":false,"excerpt":"Australian miner BHP has unseated Glencore as the most valuable brand in mining, according to research from Brand Finance. BHP \u201cstruck gold\u201d with its major 2017 re-branding exercise, a report on the research explained, with the company\u2019s brand value rising by 29 per cent to $US5.1 billion, pushing it well\u2026","rel":"","context":"In "Iron and Steel Industry"","block_context":{"text":"Iron and Steel Industry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/iron-and-steel-industry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":602,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/11\/24\/iron-ore-hits-the-dreaded-us70-a-tonne-mark\/","url_meta":{"origin":1032,"position":5},"title":"Iron ore hits the dreaded $US70 a tonne mark","author":"yinghui","date":"November 24, 2014","format":false,"excerpt":"Investors are ditching iron ore miners as the price of the commodity tumbles to a new five-year low of $US70 a tonne. 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