At over US$130/t, the world’s most traded commodity is trading at over six times the cash costs of the world’s largest iron ore producers, portending some staggering profits in next February’s half-year results.Now, another investment bank is emerging to say the bull rally could run even harder, with Citi upgrading its short-term iron ore forecast to US$140/t. They haven’t been that high in well over a year.A big factor is the fact China’s iron ore stockpiles are around 7-year lows, with hopes that the depressed property market which has underpinned concerns for the future of Australia’s largest commodity trade — almost 900Mtpa — could begin its turnaround in 2024.Citi placed a year-end target on iron ore of US$130/t just three weeks ago.
- Forums
- ASX - By Stock
- CZR "FOMO"
At over US$130/t, the world’s most traded commodity is trading...
-
-
- There are more pages in this discussion • 474 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CZR (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $60.11M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 25.0¢ | $43.75K | 172.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 38468 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.255 |
2 | 146000 | 0.250 |
3 | 78720 | 0.245 |
1 | 6000 | 0.240 |
1 | 50000 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 38468 | 3 |
0.285 | 40999 | 1 |
0.295 | 37000 | 1 |
0.300 | 239000 | 3 |
0.305 | 24900 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
MND
Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?
IGO
IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity
CZR (ASX) Chart |