Iron ore price, page-2733

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Richie2013

4,028 Posts.

527

19/07/17

17:46

Post #: 25964016

Originally posted by foghorne ↑

Iron Ore
http://www.marketindex.com.au/iron-ore
$65.74 (US/t)
At the Close: 18 July 2017
Iron Ore isn't traded like most commodities. Please read the FAQs below.

Market Index tracks the industry standard NYMEX traded 62% Fe, CFR China in $US/metric tonne.

About the Price
Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.).
Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
Growth in China (the world’s largest consumer of metals) has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for China’s economic health.
Download the 37yr price history.

Iron Ore (62% CFR China) Price Change

1 June 2017 $57.86 -6.11%

2 May 2017 $61.63 -12.46%

3 April 2017 $70.40 -19.26%

4 March 2017 $87.20 -1.81%

5 February 2017 $88.80 +9.88%

6 January 2017 $80.82 +1.75%

7 Monthly Average in $US/metric tonne

Expand

IO futures continues to rise, up another 3.7%, AGO should be following the same path upwards. The company could now be debt free, the next 1/4ly will hopefully show this.
Quite amazing, to be on the edge of the abyss a few years ago to being debt free is some achievement. I'm hoping that the next step is the company will buy back some shares to help increase the share price again.

AGO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held

17 Upvote

0 Great analysis

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	Iron Ore (62% CFR China)	Price	Change
1	June 2017	$57.86	-6.11%
2	May 2017	$61.63	-12.46%
3	April 2017	$70.40	-19.26%
4	March 2017	$87.20	-1.81%
5	February 2017	$88.80	+9.88%
6	January 2017	$80.82	+1.75%
7	Monthly Average in $US/metric tonne

Iron ore price, page-2733

Top Stories

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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