Strong buying late in the day, and restocking still ahead of us.
I also like the fact that the September contract is only 5% lower than the May contract. Even the January contract is only about a 10% discount. Shows that traders (admittedly on low volume) are betting on high prices for a while. In USD terms that would see prices above $72-74 for that whole period.
If discounts stay circa 20% the fcf will be substantial (I know none of this is new news!)
Iron ore price, page-10597
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |