https://www.copyright link/markets/commodities/iron-ore-retops-us200-a-tonne-defying-bearish-calls-20210602-p57x83
Sentiment by the big boys is shifting...
“As long as demand globally remains strong (including China) and markets are tight, we think it is unlikely China’s authorities will be able to push prices down on a sustained basis,” Bank of America said in a note. Bank of America forecasts iron ore will average $US172.2 a tonne this year; then $US143.8 a tonne in 2022; it sees a slow grind lower through 2025 when it will end below the $US100 mark.
IO price - what’s right?, page-77
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Last
31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $218.8M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 31.0¢ | $184.0K | 581.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 158934 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 31.5¢ | 8616 | 1 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
Change
-0.005 ( 1.56 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 32.0¢ | 31.5¢ | 388999 | ||
| Last updated 15.22pm 21/05/2024 ? | |||||
| FEX (ASX) Chart |