FMG 4.01% $19.73 fortescue ltd

Front month Iron Ore futures didn't do much today, but the back...

  1. 10,354 Posts.
    lightbulb Created with Sketch. 1486
    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
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.