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
$5.77 |
Change
0.160(2.85%) |
Mkt cap ! $2.989B | |||
| Open | High | Low | Value | Volume |
| $5.79 | $5.82 | $5.67 | $6.956M | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3960 | $5.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.78 | 25378 | 4 |
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