https://www.ft.com/content/488c5486-966f-11e9-9573-ee5cbb98ed36Supply squeeze in iron ore catches miners on the hop
This is a key quote from a pretty decent FT article.
“The supply squeeze is on now,” said Christopher LaFemina, equity analyst at Jefferies in London. “We suspect that steel mills have been buying at current high prices to partially replenish their depleted inventories before the market tightens even further and panicky buying sets in over the next two months.”
And a lovely snapshot:
That's really it, you see- inventories down, slow season for steel production in China ending in a month, demand up, and no one wanting to get caught short (excuse the pun) on supplies. Buy now to preventing having to pay through the nose later.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-13655
-
- There are more pages in this discussion • 41,971 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
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B |
Open | High | Low | Value | Volume |
$19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $19.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.54 | 6420 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 19.520 |
1 | 1000 | 19.500 |
3 | 7100 | 19.490 |
1 | 2000 | 19.460 |
3 | 2150 | 19.450 |
Price($) | Vol. | No. |
---|---|---|
19.550 | 2864 | 2 |
19.570 | 2257 | 1 |
19.580 | 5742 | 2 |
19.650 | 147 | 1 |
19.700 | 3000 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |