BHP, RIO and FMG will be exporting more IO due to expanding port access.
IO price could get as low as $85US/T before it rebounds.
I'll be looking to buy another 9000 shares and yes I will post the confirmation PDF
like I always do.
Timing is the thing.
At some point bargain hunters will buy back in.
Its a timing issue for me. I'll try and buy before August 28.
IO is really low now. Last year it got to $88US/T.
Is it going to get that low again is the big question.
Iron ore price, page-53866
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Last
$17.59 |
Change
0.095(0.54%) |
Mkt cap ! $53.85B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.60 | $17.51 | $7.897M | 449.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1847 | $17.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.59 | 12321 | 9 |
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| Last trade - 10.10am 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |