kculovad, I wrote the below on the AGO thread yesterday, I would say there's another 2-3 weeks of possible pain to come if IO continues falling or it may just stand still until:
We are now in the most seasonally weak period of the year, Buyers are at a conference next week drinking and singing Karaoke then on a weeks holiday immediately thereafter (1st-7th Oct) That likely translates to weak flat pricing.
A couple more weeks to get their feet back under the desk and then we should see strengthening in the price as the re-stock begins.
iron ore price, page-5
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |