FMG 7.31% $18.12 fortescue ltd

FMG Technical Analysis, page-7661

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    The industry’s preferred price provider, S&P Global Platts, said ore with 58 per cent iron was fetching $US75.75 per tonne on Wednesday; a price that was 63.3 per cent of the benchmark iron ore price.

    The 58 per cent index published by S&P is not an exact guide for Fortescue’s price realisations, but it iis a reasonable guide, and provides a clear indication of the trajectory of price penalties.



    In the AFR this morning. With a $20 dollar cost FMG ain’t earning much this QTR which is why they haven’t given forward look ahead.
    Last edited by Sentrypetal: 28/10/21
 
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