More upwards IMHO...Whats in play?
Iron ore could soften based on increased supply ex brazil
China has curtailed production Tangshan decreasing demand for iron ore but reducing steel production leads to price up China domestic
China internally focused little impact on international markets
Every market is hot, internally focused as opposed to export, Vietnam and India only ones with new volumes to export...but dumping already pre-exists for Oz/BSL so no risk there. Market short of product and many on allocation.
supply short, demand up....prices solid to upwards for a while yet...BSL pricing to domestic market near cheapest in the world......steel prices up 30%+ yet Colorbond a mere 3.8% increase.....
More upwards IMHO...Whats in play?Iron ore could soften based on...
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$20.02 |
Change
0.080(0.40%) |
Mkt cap ! $8.838B | |||
| Open | High | Low | Value | Volume |
| $19.94 | $20.08 | $19.82 | $63.58M | 3.113M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4547 | $20.02 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.03 | 803 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |