Nike Air Vapormax Midnight Navy

Overnight, the commodity Nike Air Vapormax Midnight Navy was trading at $US93.30 a tonne, and has edged up from lows earlier this month of $US89 a tonne as fears of oversupply in China weigh.

Nike Air Vapormax Midnight Navy

The Bureau of Resources and Energy Economics estimates an average price of $US97 a tonne in Nike Air Vapormax Flyknit Purple

the 2015 calendar year, some 7.6 per cent lower than this year expected average of US$105 a tonne.

Nike Air Vapormax Midnight Navy

Still, exports of raw materials like iron ore, used in steelmaking, are forecast to increase as mining operations planned when prices Nike Vapormax Cdg Black

high finally enter production.

Nike Air Vapormax Midnight Navy

Nike Air Vapormax Midnight Navy

That compares to an estimated 11 per cent rise to $196bn in the year ending June 30.

The average price of iron ore next year is set to fall below $US100 a tonne, according to the government commodities forecaster.

Nike Air Vapormax Midnight Navy

In addition, Australia earnings from resources and energy exports will rise at a markedly slower rate next fiscal year as weaker commodity prices offset a sharp increase in shipments to Asian buyers.

Nike Air Vapormax Midnight Navy

Nike Air Vapormax Midnight Navy

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Nike Air Vapormax Midnight Navy

Nike Air Vapormax Midnight Navy

Falling commodity prices have prompted many mining companies to shelve or scale back new investments.

Nike Air Vapormax Midnight Navy

BREE said it expected earnings to rise 2.6 per cent to $201 billion in the 12 months to June 2015.

BREE cuts iron ore price forecast

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