Sentences with phrase «spot iron ore price»
Despite the warning, shares in Atlas closed up 33 per cent at 1.6 cents, with analysts pointing to an improved earnings result for the December half and a higher spot iron ore price.
http://www.afr.com/ Not exact matches
Amid a few bright spots on the earnings front, the WA economy's rebound is being thwarted by still - low global prices for iron ore.
The export prices of coal and iron ore are heavily influenced by the outcomes of longer - term contract negotiations, and contract prices are currently lagging recent price strength evident in spot markets.
Other things equal, subsequent declines in spot prices for iron ore and coking coal would, if sustained, see the terms of trade fall further over the next few quarters.
Mr Lawrenson said Atlas needed about a $ US51 to $ US52 a tonne iron ore spot price to be profitable, and while he believed the price could sink back to that level, «the big correction has taken place» and there was likely to be more stability in pricing.
Spot prices for iron ore are down by around 20 % since the end of 2013.