The shipping prices are usually in correlation with commodities being oil and iron ore.
If all the commodities are going down then IOP will.
The price went from $120, to $90 then to $70, back to $90.
The Chinese government has said multiple times they are helping out almost all the builders in China which have defaulted. The local governments have been told to use there funds to pay to get certain developments finished. The companies are still about to go bust, literally already insolvent.
The market since last weeks inflation numbers have been great. One of the fed chairmans announced today in Sydney that they want consistent regular low inflation numbers not just one low reading.
Market is so unstable at the moment its up 4 days in a row then down 4 days in a row. Unstable times.
FEX Valuation, page-799
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Last
35.0¢ |
Change
0.020(6.06%) |
Mkt cap ! $243.1M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 35.0¢ | 33.0¢ | $728.2K | 2.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7568 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 341828 | 18 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
34.5¢ |
Change
0.020 ( 4.42 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 35.0¢ | 33.0¢ | 401184 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| FEX (ASX) Chart |