BHP, FMG and Rio Tinto share prices trend higher, iron ore futures remain elevated
Indeed, all of Australia's big three miners notched up strong gains during the session: BHP Billiton (BHP) rose 4.52% to $33.10 per share; while Rio Tinto (RIO) climbed nearly 6% to finish out the session at $90.30 per share.
Fortescue Metals Group (FMG) finished slightly ahead of RIO, closing out Monday up 5.82% to $13.28 per share. FMG hit an all-time high of $13.53 during the session – implying an impressive one year return of 48.04%.
Overall, this bullish activity from Australia’s materials sector comes as Chinese demand for iron ore remains robust and prices elevated well across the futures curve.
For reference, CME’s front-month iron ore futures contract last traded at US$89.50 per tonne. Maybe most interestingly however, iron ore futures don’t dip below US$70 per tonne until July 2022.
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Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B |
Open | High | Low | Value | Volume |
$16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 18592 | $16.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.14 | 3138 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1844 | 16.100 |
1 | 400 | 16.080 |
3 | 2062 | 16.070 |
2 | 9455 | 16.060 |
1 | 2000 | 16.050 |
Price($) | Vol. | No. |
---|---|---|
16.140 | 3138 | 1 |
16.200 | 1600 | 2 |
16.220 | 1010 | 1 |
16.270 | 491 | 1 |
16.280 | 9999 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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