FMG 0.45% $22.10 fortescue ltd

Are BHP, Rio and FMG stupid, page-16

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    According to macrobusiness.com.au

    Here are the iron ore charts for Friday August 22: Paper markets held up, including rebar futures, but physical got smashed. Spot is on track to retest its 2014 low at $89 and looks likely to break it, frankly. Benchmark port stocks are rumoured to be selling in the mid $80s per tonne. The BDI cape fell and in news that will not help markets today, port stocks rose on the week 300k tonnes. Hard to see anything other than more falls this week. These kinds of bleeding moves tend to culminate in a capitulation phase with price-gapping, and steel demand is clearly getting...

    Members only, http://www.macrobusiness.com.au/?s=Daily iron ore price update">Article Here
 
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$22.10
Change
0.100(0.45%)
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2 9803 $22.09
 

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