Aye, I'm not 100% sure. Just by research and checking charts of the coal and iron ore producers, they seem to climb around September and decline in February. I'm led to believe the Steel makers manufacture steel highly during the winter because Summer is too hot for the smeltering. I could be wrong. I read somewhere when googling etc. that the Chinese quieten down in the manufacturing during summer because of the heat, must knock em around to much. Not like here though!
Im still holding on to me MGX stocks. Just to see how it pans out over our summer.. Iron ore is down to a 2% low since march. But we could see a rise, depends if Chinese buy. =)
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Last
28.8¢ |
Change
0.003(0.88%) |
Mkt cap ! $353.3M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.3¢ | 28.5¢ | $402.7K | 1.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 507423 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 195940 | 10 |
View Market Depth
| Last trade - 13.49pm 05/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |