I'm no expert, but it is not China vs Australia.
China has lots of ports, as does Korea and Japan. We will send our ore to the port offering the best price.
if the ports don't pay the market rate we sell elsewhere, then the port has nothing left to sell to the mill... who then can't make and sell steel, and take their money elsewhere. So the port needs to buy if it is to make profit.
So it's really just supply vs demand.
Iron ore price, page-21540
-
- There are more pages in this discussion • 31,466 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.47 |
Change
-0.010(0.04%) |
Mkt cap ! $69.18B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.49 | $22.21 | $41.28M | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2596 | $22.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.48 | 4467 | 25 |
View Market Depth
| Last trade - 14.09pm 16/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |