Yep it is a sensational day at the moment!
It looks like infrastructure will be prioritised by China. Steel production may continue at the current elevated levels we are seeing.
https://www.cnbc.com/2019/06/11/asi...ade-currencies-and-oil-in-focus.html[/BCOLOR]
ALso, Brazil IO shipments were down to about 6.4M last week according to Mysteel (0.9M per day).
Last year, June shipments were 35M from Brazil (1.17M per day).
I still foresee considerable pressure on IO stock as the last couple of weeks in April had deplorable shipping numbers from Brazil (one of my previous posts had these nu. Taking into account transit time, these shipments (the ones bound for China) will be arriving in China the next couple of weeks.
All looking good for FMG
Yep it is a sensational day at the moment! It looks like...
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |