Australia's largest stock trading and investment forum Australia's #1 stock forum

CUF

Click for more information

25.0%

1.5¢ cufe ltd

Also FEX with a good quarterly report out today.IO sales still...

First 424 Last

Share
Profile

Follow
christophe

14,842 Posts.

551

18/04/24

14:55

Post #: 73408915
Share

Originally posted by Bonnaducci: ↑

Unexpectedly demand is back!?

IRON ORE:
Prices for iron ore cargoes with a 62% iron ore content rebounded to $106 per tonne after touching a 16-month low of $100 on April 4th, as markets increased their bets of higher demand from Chinese steel producers. Industry groups noted that the large volumes of stimulus from Beijing supported margins for blast furnaces and mills, improving the outlook for steel output, and hence, increasing expectations of iron ore input buying. Still, concerns over the sustainability of the traction in demand held prices 22% lower year-to-date. A slow start to the Chinese construction season drove blast furnaces and smelters to pare input buying of iron ore at the end of Q3, as pig iron ore output in the country dropped by nearly 7% so far this year. This was magnified by strong supply amid a fresh surge in iron ore exports out of Australia, supporting the view that a batch of mine maintenance programs have reached their conclusion following the end of the first quarter.

Expand

Also FEX with a good quarterly report out today.

IO sales still strong.

CUF Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 41 more messages in this thread...

First 424 Last

Add CUF (ASX) to my watchlist

(20min delay)
Last 1.5¢		Change 0.003(25.0%)		Mkt cap ! $17.19M

Open	High	Low	Value	Volume
1.4¢	1.6¢	1.4¢	$40.33K	2.708M

Buyers (Bids)

No.	Vol.	Price($)
2	1200000	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	394371	1

View Market Depth

No.	Vol.	Price($)
2	1200000	0.014
3	1500000	0.013
3	2662666	0.012
11	2092919	0.011
14	2296843	0.010

Price($)	Vol.	No.
0.015	394371	1
0.016	1650000	5
0.017	2437366	7
0.018	1669999	2
0.019	1442223	2

Last trade - 15.41pm 02/05/2024 (20 minute delay)


Last 1.5¢			Change 0.003 ( 15.4 %)
Open	High		Low	Volume
1.4¢	1.5¢		1.3¢	485163
Last updated 15.41pm 02/05/2024 ?

CUF (ASX) Chart