Amazing what high USD is doing to Commodity Stocks. Very hard to trade commodity stocks ATM. This remind me of what happened December last year.
Give SP a few more days, USD can't go up forever and at some stage there will be profit taking like last rate rise last year, only this time around IO is US$80 and FMG's C1 Cost is US$13.
Once the sentiment turned we will see SP fly up again. Great time to top up if you want.
DYOR.
Frank.
Iron Ore Price, page-14828
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |