In opinion, seems to me the IO volatility has ended and IO has bottomed. In my eyes fundamental demand and supply balance is far too stabilised. Considering the emerging demand from India (housing and construction boom), Chinas Infrastructure and affordable housing in outskirts and global growth to even have any basis to crash IO further. Onwards and upwards into its LT IO trend from here. IO bears can now hibernate and snooze off.....
Iron ore price, page-1688
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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 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |