More from Big Mac
our london commodities desk is now questioning the price rise that rio announced yesterday morning sydney time.
if freight equalisation was ever going to happen, this year was it.
rio has appeared to have gone too early.
most other ore exporters (excluding bhp) are expected to fall into line with the rio settlement price.
bhp negotiations continue.
bottom line, speculative stockpiles are now expected to move into the spot markets.
flow on effects are expected in coking coal markets.
this could very well be an inflexion point.
ore prices big mac
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |