Industry experts like you all know fully well....
The end game for the Trio is to remove at least 200mil tonnes/yr from the market to achieve supply/demand equilibrium (US$70/t).
As you have pointed out, the Chinese IO producers are heavily subsidised and will stay on the game much longer than anyone can anticipated. The Chinese gov is determined to keep the IO domestic production industry alive just like the US needs the Oil shale industry.
The end game casualties would likely to be juniors and mid size producers from Brazil and Australia.
Shutting down FMG and Roy Hill would remove 200mil+ tonnes from the market immediately, and would make a huge difference for the Trio...
You are right this IO war will be long and hard for high cost producers... I won't try the bottom picking because the next one likely to be ARI, BCI, MGX and FMG
- Forums
- ASX - By Stock
- FMG
- Iron Ore Price
Iron Ore Price, page-1928
-
- There are more pages in this discussion • 2,682 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B |
Open | High | Low | Value | Volume |
$20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10 | $20.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.14 | 17291 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10 | 20.130 |
4 | 107866 | 20.120 |
2 | 114 | 20.110 |
9 | 27730 | 20.100 |
3 | 3073 | 20.080 |
Price($) | Vol. | No. |
---|---|---|
20.140 | 17291 | 1 |
20.150 | 15054 | 2 |
20.160 | 23460 | 4 |
20.170 | 12974 | 1 |
20.180 | 17206 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |