FMG 0.87% $21.57 fortescue ltd

' the country would come to a complete stop 'Maybe it is ?? See...

  1. 124 Posts.
    lightbulb Created with Sketch. 17
    ' the country would come to a complete stop '
    Maybe it is ?? See https://www.zerohedge.com/economics/china-disintegrating-steel-demand-property-sales-traffic-all-approaching-zero

    Sample chart from this link:
    we already noted the plunge in coal consumption in power plants as Chinese electricity use has cratered...

    https://hotcopper.com.au/data/attachments/1985/1985453-9a07de4ee0c385405f383e59262cf89f.jpg

    " construction steel sector where apparent demand has literally hit the bottom of the chart, down an unprecedented 88% Y/Y or as Goldman puts it, "construction steel demand is approaching zero."

    https://hotcopper.com.au/data/attachments/1985/1985463-049b5192d7524abf930e8f04e815ad1b.jpg

    Some agree with Trump, it will all be over in a couple of months and coal and iron ore demand will be back to normal. Buy the dip.....

    But increasingly alarming warnings by pandemic experts....only just starting they say.....possibly millions likely already infected and worldwide spread unstoppable they say.....chicken littles ??

    Microcosm on Yokohama cruise ship, 1 infected passenger got off in HK, ship later locked down in Japan but "So far, more than 250 people in Japan, including 218 passengers and crew from 'the Diamond Princess', have already been confirmed to be infected"
    That includes 1 medical person in hazmat gear who took passengers off the ship !!
    And from the big Mainichi newspaper, the son of the first person to be confirmed as infected in Japan, from unknown source, is a taxi driver who now has symptoms and has likely infected at least 100 passengers, 10 now with fever, now in isolation...
    And in Wuhan 1716 medical staff are confirmed infected and now in isolation....

    Fake News ??? She'll be right, no worries mate ???
    Maybe those who panic first panic best ???.....I dont know, but I'm scared



 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$21.57
Change
-0.190(0.87%)
Mkt cap ! $66.41B
Open High Low Value Volume
$22.01 $22.10 $21.52 $119.4M 5.503M

Buyers (Bids)

No. Vol. Price($)
3 13058 $21.57
 

Sellers (Offers)

Price($) Vol. No.
$21.58 11798 1
View Market Depth
Last trade - 16.10pm 02/07/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.