Iron ore markets seem inefficient at the moment. PMI across all OECD nations are declining and will continue to decline. Most of the steel processing mills in china that are consuming so much iron are running at a loss and that can only last so much. I think we will see Iron Ore stay about $100/T but it will have to come off of its $130 price heading into next year.
Happy to be proven wrong of course!
Is FMG at last heading towards and past $30 a share by years end ?, page-9
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Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.67 | 40000 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |