To suggest iron ore price to trade below $100 in October is nothing particular insightful or extraordinary. The iron ore price alone fell $100 in just 2 months when it first hit $130. What's $37 bucks fall in the next month such a big deal when we already learned steel production cut is now extended until March. That means there is a huge steel inventory that must be depleted before normal production can resume.
Jacko is not telling us anything noteworthy.
Iron ore price, page-36887
-
- There are more pages in this discussion • 18,244 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |