That erases the entire bump in the IO price from the China Australia Economic Accord announcement - if that's what it was due to.
On the flipside though, aside from retail speculative money reacting to this movements (shorters or other types of witchcraft are not your problem), the decline in the IO price shouldn't really be effecting the stock price, just like it didn't significantly effect the stock price on the way up, it shouldn't on the way down as the inevitable for IO is already baked in to the stock price - perhaps aside from a few $ slippage.
Iron ore price, page-31669
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$17.34 |
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Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 300 | $17.33 |
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