In my opinion it looks like iron ore restock maybe slowing down. All the important indicators are pointing south. Spot price down, dalian down and rebar is down. Also the iron ore inquiry looks to be losing support and may run out of momentum. On this day things are looking very bearish for the iron ore price and outlook.
BCI charts today, page-96
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $850.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $132.1K | 444.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75147 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 121684 | 4 |
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| Last trade - 13.16pm 18/09/2024 (20 minute delay) ? |
| BCI (ASX) Chart |