Hasn’t Brazil largely come back on line now? Where is this extra demand going to come from if China is slowing down? Who do we sell it to if China stops buying it from Australia like it has done with so many other commodities. You wouldn’t want to be holding pure iron ore plays if that does happen. The risks are now massively to the downside. Hence the sell off. The big players have run for the door as quick as they can.
Iron ore price, page-37743
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Last
$18.12 |
Change
-1.430(7.31%) |
Mkt cap ! $55.79B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.12 | $253.5M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14492 | $18.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 25635 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |