Commodities views
On the commodities front, these are Morgan Stanley’s latest views:
Steel / Iron Ore
We’re approaching the peak season for construction and this is spurring an increase in Chinese steel output.
Steel exports are also strong, up 31% in January-February, and this has resulted in an 8% increase in iron ore imports.
Iron ore port inventories rose sharply into January, but have drawn down in February.
China's iron ore stock at ports and stock-to consumption ratio. Source: Mysteel, NBS, CEIC, Morgan Stanley Research
Commodities viewsOn the commodities front, these are Morgan...
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Last
$24.12 |
Change
-0.200(0.82%) |
Mkt cap ! $74.26B | |||
| Open | High | Low | Value | Volume |
| $24.34 | $24.35 | $23.96 | $172.3M | 7.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $24.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.12 | 84698 | 5 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$23.99 |
Change
-0.200 ( 1.52 %) |
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| Open | High | Low | Volume | ||
| $24.34 | $24.35 | $23.96 | 831019 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| FMG (ASX) Chart |