Dalian Futures are still steady across the range. ie their is no expectation that IO price will fall as time goes by. The current IO price is totally driven by present good news - bad news and as such has continued to fall. I believe the price will steady out at the $51/t mark with neutral news.
The sad thing is that BHP, RIO and Gina are still happy at that price as they can make some money and still bust the backbone of the Juniors. As for BCI they need at least $55/t in the medium term or they will eventually go the way of AGO.
IO Futures says bottom, page-99
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.5¢ | 24.0¢ | $77.96K | 310.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42598 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 323604 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |