My bet is that price negotiations in China for the year post 1 April will surprise a lot of people who think the sky has fallen with regards IO stocks. I reckon the producers will get increased tonnage & way better prices than recently predicted. Should this come to pass, the resource sector will look for a significant leg up & a major beneficiary will be FMG. Also, it will be the catalyst for much more activity on China's part to gain equity participation in Australian stocks. If 7% Chinese GDP is the base, look for revision over the next while to closer to 10% as their internal stimulus package starts to bite.
chinese surprise
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Last
$18.31 |
Change
0.335(1.86%) |
Mkt cap ! $56.49B | |||
| Open | High | Low | Value | Volume |
| $18.11 | $18.40 | $18.10 | $79.64M | 4.360M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 3614 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.31 | 5176 | 17 |
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| Last trade - 12.52pm 22/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |