FMG 0.10% $19.17 fortescue ltd

Matt The Chinese demand has not decreased dramatically, it is...

  1. 1,362 Posts.
    Matt
    The Chinese demand has not decreased dramatically,
    it is the over supply which has caused the price collapse!
    RIO, BHP, VALE and FMG are largely to blame!

    If RIO cut supply VALE would take their market share.
    If BHP, RIO and FMG cut supply a lot of the Chinese mines which closed over the last year would come back on line and VALE would reap the benefits!

    It is not our Evil customers fault! lol

    If they start putting more money into our country
    that would be a good thing!
    It would certainly help FMG if they were to take it over!
    The real threat is they may decide they are sick of getting burnt buying into dodgy Australian assets!


    I don't think VALE have been silent.

    They said last year they were planing to double
    their production!
    In the short term they have a goal of increasing production to 453mmt by 2018 up 327mt.

    Don't forget Gina's 50mmt, if the market doesn't
    like the look of things to come, it is probably
    getting it right!


    TODAY:
    Futures down Spot down! FMG Down!
    Platts 62%Fe down 10 cents to $47.80/dmt


    Yesterday: FMG Down!
    Futures Up Spot Up!
    Platts 62%Fe up 30 cents to $47.90/dmt



    Two days ago:
    Futures Up Spot UP! FMG UP!
    Platts 62%Fe up 90cents to $47.60/dmt



    Three days ago:
    Futures Down Spot down! FMG Down!
    Platts 62%Fe down $2.30 to $46.70
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
(20min delay)
Last
$19.17
Change
-0.020(0.10%)
Mkt cap ! $59.02B
Open High Low Value Volume
$19.22 $19.41 $19.13 $134.6M 6.997M

Buyers (Bids)

No. Vol. Price($)
1 52 $19.15
 

Sellers (Offers)

Price($) Vol. No.
$19.20 1239 2
View Market Depth
Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.