My bet is that price negotiations in China for the year post 1 April will surprise a lot of people who think the sky has fallen with regards IO stocks. I reckon the producers will get increased tonnage & way better prices than recently predicted. Should this come to pass, the resource sector will look for a significant leg up & a major beneficiary will be FMG. Also, it will be the catalyst for much more activity on China's part to gain equity participation in Australian stocks. If 7% Chinese GDP is the base, look for revision over the next while to closer to 10% as their internal stimulus package starts to bite.
chinese surprise
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |