Yes it hit 699 yesterday and climbed up to 720 this arvo. Didn’t say it went down. The SGX is back above $140 already!
Morgan Stanley holds that the iron ore price jaw boning doesn’t do much to dampen the iron ore prices long term and only impacts for about a week, it should therefore return to the lofty $150’s by end of next week. Here is an interesting graph.
Also good to see prices green on SMM reflecting this sentiment.
Iron ore price, page-43529
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Last
$19.54 |
Change
-0.370(1.86%) |
Mkt cap ! $60.16B | |||
| Open | High | Low | Value | Volume |
| $19.52 | $19.75 | $19.29 | $225.1M | 11.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $19.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.54 | 6420 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |