"China's imported iron ore market extended gains on Wednesday June 19 on higher steel prices, although sentiment remained cautious due to weak end user demand.
Mainstream prices of 63.5% Fe content Indian fines stood at $119-121 per tonne cfr China during the day, up from $118-119 per tonne cfr on Tuesday. "Steel prices continued to rise today, lending further support to the iron ore market. Besides, steel output remains at high-levels, which means demand for iron ore is firm," one iron ore trader in Shanghai said. In Tangshan, billet prices..."
This sort of news surly will scare the crap out of those who shorted in the last two weeks. If this does not get the SP back up and above 3.50 I don't know what will.
io up (again), page-16
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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 |