AUD is influenced by RBA rates cuts.. not IO prices ..
RBA is influenced by inflation ..houses cooling off .. unemployment rising
IO prices are influenced by IO stockpiles in China ports ..and Steel mills prices .
IO is being shut down everywhere else too ..so IO oversupply will level out soon.
70.00 is the target Base level...
OIL prices falling ..reduce Asic costs even further in IO miners...
and boost world GROWTH + demand for Steel
fmg future, page-36
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |