It just seems crazy. The last time fmg was around this level (excluding the $44 crash) it was back in april with i/o at $48. 3 months later its back here with i/o $7 per tonne higher, coupled with a report verifying that fmg is striking its targets with more savings to come. RC man i understand your gist about getting past the hysteria of roy hills supply - but unfortunately i don't think that'll make a difference. After roy hill, the focus will move to vales new supply, the price of ore will probably be the same at $55/tonne and the fmg sp will be below $1.50. The price of fmg just seems to keep trending lower regardless of fundamentals or how much extra fmg is making through running efficiencies.
Iron Ore Price, page-1113
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$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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