Chinese steel mills profits squeezed too much it seems!
.https://www.bloomberg.com/news/articles/2019-07-05/iron-ore-s-top-industry-group-calls-for-order-after-wild-rally
65% Fe back to around US$123/t - still a very good gross profit margin for CIA
For those interested; below is the Shanghai shipping index - the Brazil to China is the relevant index for CIA (US$22/t) but add about 40% for rate
out of Quebec due to the extra distance to the South Atlantic. Rates have spiked in recent days along with the IO price.
http://en.sse.net.cn/indices/cdfinew2.jsp
.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$4.51 |
Change
-0.005(0.11%) |
Mkt cap ! $2.396B | |||
| Open | High | Low | Value | Volume |
| $4.50 | $4.54 | $4.45 | $3.491M | 778.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 6415 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.51 | 16450 | 32 |
View Market Depth
| Last trade - 13.44pm 08/09/2025 (20 minute delay) ? |
| CIA (ASX) Chart |