I assume they already have enough to create the new bars, but this is why articles are mentioning "chinese mills making losses' etc etc, they've had to discount the existing inventory to move it on. While its easy to simplify IO prices as cyclical etc, The price pressure outcomes are multi faceted which is why when people spout "China no build homes - Iron Ore is going to $50" type click bait I assume it's either laziness or downright nefarious.
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B |
Open | High | Low | Value | Volume |
$17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.98 | 24196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | 17.950 |
1 | 34 | 17.940 |
2 | 200 | 17.920 |
1 | 100 | 17.910 |
3 | 3734 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
17.980 | 24196 | 6 |
17.990 | 200 | 1 |
18.000 | 1934 | 6 |
18.010 | 200 | 1 |
18.020 | 2743 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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