Dont know how much Chinas easing on credit was responsible for yesterdays price rises but it usually results in price rises for commodities and iron ore in particular
My take is there will be some restocking over the next month or so lifting prices further then the stock price will get a lift from results on the 29th so we should sleep fairly easily for the next month at least
https://www.bloomberg.com/news/articles/2021-07-09/china-cuts-reserve-ratio-for-banks-to-support-small-businesses
Iron ore price, page-33982
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Last
$17.95 |
Change
0.220(1.24%) |
Mkt cap ! $55.26B | |||
| Open | High | Low | Value | Volume |
| $17.93 | $18.00 | $17.70 | $124.3M | 6.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 823 | $17.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 14618 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |