Seaborne according to SMM. SGX futures on close today.
I grabbed another slice today at $19.49. If the slide continues I'll grab more tomorrow.
I'm not afraid of this volatility and still have strong faith in my investment thematic. The demand for steel products globally hasn't changed and with the massive infrastructure spending this won't cool down anytime soon.
China has always tried to manipulate the price of Iron ore and control the price of commodities. It's not new. It knows how important steel is to its own economy. They are running out of options. This latest clamp down will only last until the end of the Winter.
Iron ore price, page-35902
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $63.67B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17519 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1250 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |