Thanks Asx_dude, Chinese PMI number released yesterday come in slightly lower than expected plus profit taking last day of the month plus ex dividend, saw share price dropped closed to $6. However, Chinese "Construction Sector" PMI was still healthy at 59.2, and should continue in the coming months.
Reason for FMG discount narrowing was due to good demand which saw 56.7% inventory continue to lower last week, at combined 6 Nothern Chinese IO ports, FMG total IO inventory went from 27% of the total IO inventory at beginning of the year to 17% last week. If demand for FMG IO continues, we should see discounts continue to narrow, and hopefully stays around 10-15% like the old days.
DYOR
Frank
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$22.57 |
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Mkt cap ! $69.53B |
Open | High | Low | Value | Volume |
$22.41 | $22.64 | $22.22 | $55.47M | 2.467M |
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No. | Vol. | Price($) |
---|---|---|
13 | 2484 | $22.56 |
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Price($) | Vol. | No. |
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$22.57 | 2600 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 7149 | 22.540 |
17 | 16318 | 22.530 |
11 | 3725 | 22.520 |
11 | 19669 | 22.510 |
13 | 6119 | 22.500 |
Price($) | Vol. | No. |
---|---|---|
22.550 | 719 | 11 |
22.560 | 10203 | 19 |
22.570 | 7132 | 24 |
22.580 | 6536 | 13 |
22.590 | 8494 | 13 |
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