At least BHP and RIO recently have stopped talking down the IO price. I think they have been hurting too much with dividend cuts, wage freezes etc.
Only some analysts and media continue to talk down IO to US$35
Dalian May16 has opened the morning session up a little more. Now +3 to 342 It might be helping FMG through that $1.90
Iron Ore Price, page-4595
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Last
$18.04 |
Change
-0.060(0.33%) |
Mkt cap ! $55.39B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.38 | $17.94 | $56.16M | 3.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2734 | $18.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.04 | 1879 | 7 |
View Market Depth
| Last trade - 11.20am 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |