Commodities
Resurgent coal ‘won’t fade away quickly’: A likely recovery in worldwide use of coal in 2021 before a flattening out represents a big risk to the aim of tackling climate change, the International Energy Agency says.
Zacks said it has a 'strong buy' on Fortescue Metals Group.
Dalian iron ore has gained more than 120 per cent so far this year, putting the material on track to be the top-performing major commodity globally for a second straight year as it also benefits from a flood of speculative bets.
Capital Economics is bullish on oil: "We think that the price of oil will outperform most other commodity prices next year."
CE said it expects "OPEC+ supply to remain constrained and demand to bounce back (particularly in the second half of 2021). This should keep the market in deficit, thereby pushing up the price of Brent to $US60 by end-2021."
https://www.copyright link/markets/equity-markets/asx-to-slip-on-wall-st-pause-iron-ore-leaps-higher-20201219-p56ow7
Iron ore price, page-26340
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Last
$21.92 |
Change
0.350(1.62%) |
Mkt cap ! $67.49B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $94.22M | 4.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 18370 | 7 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |