I'd put it to you that when a product with 6% less iron in it sells for a 40% discount (partly due to actual refining costs, but mainly for artificial political reasons), that the natural tendency of the market to be "changing" will not be toward a further increase in the discount. It will be for buyers to adapt to use the lower grade product and for the price gap to close.
So well done to anyone who recognised this last year and managed to buy FMG at sub-$4.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-11180
-
- There are more pages in this discussion • 43,470 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$16.66 |
Change
0.000(0.00%) |
Mkt cap ! $51.29B |
Open | High | Low | Value | Volume |
0.0¢ | $16.74 | $16.31 | $2.674M | 152.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 602 | $17.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.80 | 3967 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 602 | 17.500 |
3 | 13463 | 17.490 |
8 | 54866 | 17.430 |
3 | 1216 | 17.300 |
3 | 1544 | 17.290 |
Price($) | Vol. | No. |
---|---|---|
14.800 | 3967 | 1 |
15.830 | 27365 | 7 |
15.920 | 5541 | 1 |
16.250 | 2625 | 6 |
16.290 | 3 | 1 |
Last trade - 09.44am 13/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
Day chart unavailable