But analysts say prices should be significantly lower because of ongoing weakness in China’s construction activity that has caused steel prices to collapse, leaving many mills unprofitable and unwilling to buy iron ore.
“We have a hard time understanding why iron ore is still managing to just hang onto $100,” said Westpac’s head of commodity and carbon strategy, Robert Rennie. “Iron ore prices should be in the mid- to late-$US80s given the absolute carnage going on in steel markets quietly in the background.”
RELATED QUOTES
BHPBHP Group
$40.640 -0.54%View BHP related articlesAug 23Nov 23Feb 24Aug 2439.00042.00045.00048.00051.000Updated: Aug 12, 2024 – 10.30pm. Data is 20 mins delayed.
- Forums
- ASX - By Stock
- AKO
- AKO General Discussion
AKO General Discussion, page-729
Featured News
Add AKO (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.06M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 59995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.115 |
2 | 97685 | 0.105 |
3 | 650000 | 0.100 |
1 | 50000 | 0.098 |
1 | 168000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 59995 | 1 |
0.150 | 217165 | 3 |
0.155 | 22284 | 1 |
0.175 | 3000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 12/08/2024 (20 minute delay) ? |
Featured News
AKO (ASX) Chart |
Day chart unavailable