If you think a partial boycott over the coming months that could bring the IOP crashing back to earth after artificially inflating it to smash the post GFC IOP record (but only held for just one week before a crackdown on bs speculation) can't happen because the domestic producers will be making losses then you have completely missed the point of the exercise. The punters have been blindsided are now trying to get out (rule of thumb is when media screams don't panic, China can't do sheet in the short terrm it's time to bolt).
I am only interested in the politics and the IOP. Notice I have said literally nothing about FMG or the SP.
Iron ore price, page-32175
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B | |||
| Open | High | Low | Value | Volume |
| $18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4600 | $17.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 396 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |