The physical iron ore market will collapse soon after the China Golden Week holiday. October will be bloodbath in seaborne trade.
Sentiments (reflected in IO price) will be very negative before the Golden Week starting next Friday. At present, every dollar in the fall of the IO price is a much larger percentage fall than before.
Chinese steel mills turning away Ozzie ships, page-28
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$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |