FMG 0.50% $16.20 fortescue ltd

iron ore price, page-5

  1. 32,291 Posts.
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    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.
 
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