Look to where we are on the current five year plan for China.
According to the forecasts we are in year two-a time when steel demand is meant to plateau as they move across to the services industries away from from infrastructure development.
Already the iron ore supply from the likes of BHP, Vale and Rio can meet their medium to long term requirements-limited growth, maintenance.
The likes of FMG can best be described as the median cost producer to keep a lid on iron spot prices, i.e. let FMG survive but only just!
This is typical of bulk commodity pricing over the longer cycles-same thing happened when Japan , then Korea moved into the bulk markets.(Coal, aluminium are the same).
Cheers, TAS
- Forums
- ASX - By Stock
- FMG
- its time
its time, page-94
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.02 |
Change
0.550(2.82%) |
Mkt cap ! $61.64B |
Open | High | Low | Value | Volume |
$19.72 | $20.47 | $19.51 | $210.5M | 10.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 74300 | $20.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.03 | 100000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 74300 | 20.010 |
14 | 25827 | 20.000 |
1 | 57244 | 19.990 |
2 | 37853 | 19.970 |
2 | 143 | 19.960 |
Price($) | Vol. | No. |
---|---|---|
20.030 | 100000 | 2 |
20.080 | 21790 | 2 |
20.100 | 2049 | 2 |
20.190 | 1200 | 1 |
20.200 | 5000 | 1 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online