FN Arena today
Note the comment about the USD/AUD exchange rate benefit
Extract from full article
Falls in oil prices and commodity currencies are underpinning sharp reductions in costs for resources companies. The situation is allowing producers more scope to ride out the weakness in commodity prices. ANZ analysts find it difficult to envisage any supply discipline will be forthcoming. Evidence was on display with the Fortescue Metals (FMG) December quarter report. The company was considered the most exposed of the big iron ore producers to falls in the commodity price but all-in delivered costs were down by 9.0%. Fuel and energy costs make up around 12% of the company's total cash operating costs, although the analysts observe the single largest contributor to the cost reductions was the Australian dollar exchange rate.
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Debt, page-143
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |