FMG 1.61% $19.28 fortescue ltd

IO price has another $40 to fall. Dalian could close another 7%+...

  1. 141 Posts.
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    IO price has another $40 to fall. Dalian could close another 7%+ down. If so, $95 could be on the cards. That puts IO price just $30 above $65.

    At $65, China can still buy enough ore to satisfy demand in the next 6 months.
 
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