Stockplaya, I know you are reading the thread today.
The Pro will really squeal.
The $105 spot price is being met by buyers.
The destocking process may have gone on too far that the Chinese may have their hands tied. Either they can try pushing the price down by slowing down the buying (worsening the depletion) or they buy at a moderate pace (not meeting forward demand) and keep price where it is or thereabouts.
At some point, big volume purchases will have to occur (India has a IO export ban) and even by November $130/tonne is not out of the question.
Look forward to your return.
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Last
$18.17 |
Change
0.360(2.02%) |
Mkt cap ! $55.63B | |||
| Open | High | Low | Value | Volume |
| $18.08 | $18.35 | $18.00 | $116.2M | 6.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8485 | $18.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.17 | 1264 | 11 |
View Market Depth
| Last trade - 12.38pm 23/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |