Look at each of the dips in FMG its always the same. Drops at its lowest around now before October comes along and bounces back up.
China updating its IO from September 25 so clearing out the old with the new which is why I suspect IO is going up a bit earlier than in previous years when its around October before it bounces back up in price for IO.
China building the tallest longest bridges in the world which require far more steel than building apartment blocks.
Don't think people realize what they are doing in such a very big way. These massive freeways the height of a sky scrapper over farm land.
Its not like highways here but 50 lane ones.
Iron ore price, page-54289
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Last
$18.56 |
Change
0.120(0.65%) |
Mkt cap ! $57.14B | |||
| Open | High | Low | Value | Volume |
| $18.34 | $18.68 | $18.30 | $218.7M | 11.78M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 57703 | $18.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 4301 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |