Unfortunately there is no quick fix to iron ore price.
My understanding is that we need to wait for this real-estate fiasco to stabilise in China.
It started with Evergrande. Now more and more Chinese real-estate developers debt are in default. There is no end in sight.
65% Fe at US$117/t, page-4
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Last
$7.30 |
Change
0.500(7.35%) |
Mkt cap ! $3.782B | |||
| Open | High | Low | Value | Volume |
| $7.04 | $7.46 | $7.04 | $28.85M | 3.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3006 | $7.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.31 | 7875 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CIA (ASX) Chart |