FMG 0.49% $22.59 fortescue ltd

Iron ore price, page-41231

  1. 10,239 Posts.
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    This is a good example as to how annoying Dalian is. IO was up about 1.75% overnight. But Dalian calculates the change from the prior days VWAP. As IO spiked toward the afternoon and spent a lot of time at lower prices yesterday morning, yesterday's VWAP was low which makes today's up move look like much more than it is.
    Last edited by convexity: 25/11/21
 
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