It's all about sentiment, US Steel and IO Stocks were up last night by a significant margin. Something about Chinese Steel Tariff and also expect increasing demand due to Trump infrastructures. You will find that Spot price has been quite stable even when we had wild swings at IO Future. Steel mills have been restocking before Chinese New Year next week, you will not see any BIG movement at SPOT now, I think IO Future will also wind down next week and see volume also decreasing, CNY is like our Christmas. Probably not a bad time to release the Q report when there is no IO Future to deal with.
DYOR.
Frank.
Iron Ore Price, page-16883
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$21.41 |
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Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
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