Frustrating, yes - understandable, yes.
FMG's margins will compress quicker than BHP & RIO, therefore FMG should re-rate downward compared to BHP & RIO. Although the CCP's surpression of the IO price via steel output seems unsustainable.
Diggers and Dealers presentation is soon, wouldn't expect anything new, but who knows.
Iron ore price, page-34770
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Last
$22.48 |
Change
0.380(1.72%) |
Mkt cap ! $69.21B | |||
| Open | High | Low | Value | Volume |
| $22.41 | $22.64 | $22.22 | $89.05M | 3.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20914 | $22.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.50 | 6164 | 2 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |