Haha mate. We will soon find out. Could be opposite of an eagle.
Interesting when you read that the FE market is overheated as supply now increasing.
What is completely different about this FE boom is that it is both supply and demand curves are continuing to diverge.
Steel output YTD is up 5.5% according to world steel association. Supply as we know is down a bit more than this.
Even if steel output moderates (ie increases by 2-3% from 5.5%) and/or supply increases but still down 3-4% yoy, the deficiency still grows.
The reality is there are barely any new major mines coming online anytime soon and most economies now are in expansionary mode (ie lower rates) and infrastructure spending is likely to increase.
This is a “structural issue” and its going to be a long time before the mkt is balanced once more.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-13912
-
- There are more pages in this discussion • 39,607 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
$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 | $18.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.76 | 47022 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1990 | 18.750 |
1 | 160 | 18.700 |
1 | 700 | 18.680 |
4 | 4019 | 18.660 |
7 | 8200 | 18.650 |
Price($) | Vol. | No. |
---|---|---|
18.760 | 47022 | 3 |
18.780 | 1700 | 2 |
18.790 | 41681 | 1 |
18.800 | 18123 | 4 |
18.820 | 53827 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
FMG (ASX) Chart |