FMG 1.01% $19.06 fortescue ltd

Iron ore price, page-35443

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    Front month Iron Ore futures didn't do much today, but the back month contracts took a bit of a beating, especially after ASX close.

    January 2022 delivery declined -1.9% from yesterdays close of 850.5:

    https://hotcopper.com.au/data/attachments/3480/3480190-f2630d8d05ede2a13188d6a6e9820723.jpg
    BHP Results
    After opening notably lower in UK trade, RIO is now up 0.2%, probably influenced by BHP results. That is indicative of a reasonable open for RIO and maybe FMG tomorrow.
    Last edited by convexity: 17/08/21
 
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