The demand is still there in the seaborne market, 800+MT, it is the supply that is overwhelming the demand so a loss of status quo. No different to the Coal market, we are still producing a lot of this black stuff but the demand market is not counteracting the surpluses.
Classic bull trap unless one has deep pockets = patience.
Under such collapse, it usually takes time to form a base that can last years. Some holders here are just too keen for fear of missing out and anticipating a "V" shape recovery.
The demand is still there in the seaborne market, 800+MT, it is...
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |