FMG 1.32% $19.47 fortescue ltd

Iron ore price, page-44609

  1. 3,637 Posts.
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    Futures intraday

    SGX up ~1.1%
    DCE up 0.3% from last night, broadly flat

    Both levels very sexy for FMG as we make shed loads at this rate.

    Note also Aus $$ remained stable after Unemployment rate remained broadly same according to ABS data.

    Next week PBOC to announce its April rate decision - that is sure to be market moving. Convexity doesn't think they can move, I don't think they can afford not to move. Most of the steel & IO markets have followed my perspective. Very interesting post Easter week coming up


    Fingers crossed for strong finish


    Happy Easter to all holders. GLTAH
    https://hotcopper.com.au/data/attachments/4265/4265333-d8a79a5fa4bd11af70c321792bbcb362.jpg
    https://hotcopper.com.au/data/attachments/4265/4265336-2d6949d0ed98a6f054b4829b563b4ccf.jpg
    https://hotcopper.com.au/data/attachments/4265/4265339-86c5e90cef0e1ab256edcfa1ccc6612a.jpg
    Last edited by zendiceman: 14/04/22
 
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$19.47
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1 1000 $19.47
 

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