Thanks Asx_dude, Chinese PMI number released yesterday come in slightly lower than expected plus profit taking last day of the month plus ex dividend, saw share price dropped closed to $6. However, Chinese "Construction Sector" PMI was still healthy at 59.2, and should continue in the coming months.
Reason for FMG discount narrowing was due to good demand which saw 56.7% inventory continue to lower last week, at combined 6 Nothern Chinese IO ports, FMG total IO inventory went from 27% of the total IO inventory at beginning of the year to 17% last week. If demand for FMG IO continues, we should see discounts continue to narrow, and hopefully stays around 10-15% like the old days.
DYOR
Frank
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Last
$22.58 |
Change
0.475(2.15%) |
Mkt cap ! $68.93B |
Open | High | Low | Value | Volume |
$22.41 | $22.64 | $22.22 | $46.09M | 2.051M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 4676 | $22.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.58 | 77 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 4970 | 22.570 |
13 | 6263 | 22.560 |
13 | 4023 | 22.550 |
9 | 4775 | 22.540 |
9 | 5123 | 22.530 |
Price($) | Vol. | No. |
---|---|---|
22.590 | 2947 | 12 |
22.600 | 7138 | 15 |
22.610 | 9174 | 15 |
22.620 | 7726 | 18 |
22.630 | 7257 | 17 |
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