Yes the DCE fell dramatically today.
The Seaborne & Port 65% & 62% fell between 0.13% - 0.75%.
But the 58% stuff went up at Port 1.8%. Whilst the FMG Blended fines went up significantly.
Reading the subtle changes, steel mills are buying more of the the FMG stuff as the met coal price of late has been falling as China producing significantly more than it for many years.
The DCE moved around today like a circus clown, above 940 down to 887. But it still sits in very very profitable territory for FMG.
This continues the recent volatility of the future market since the Russians invaded the Ukraine.
The longer these lockdowns go own, the more inevitable the PBOC will cut rates.
Iron ore price, page-44675
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |