You mentioned ......."Vale came out recently and mentioned that they would not flood the market intimating that they see the benefits of a reduced supply.I wonder if Vale is actually keeping supply to market a bit lower than capacity to help the price along?"
Meanwhile , Oz miners are trying to produce as much as possible , seems not concerned about flooding the market , For example MIN in their latest outlook, plan on a massive increase in output in the near to mid term. It will be interesting to see how this effects IO pricing moving forward. In MIN's case they have a much higher COP so have more to lose if the IO price drops suddenly. I know the market is forward looking, I just wonder how far forward looking it is in regard to IO pricing ? I'd suggest covid has a way yet to play out in Brazil , and can imagine it will have some impact on production their for a while yet.
Iron ore price, page-31593
-
- There are more pages in this discussion • 23,476 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |