Overnight
A big drop in the DCE in last night futures trading
FSUGY falling also, but less than other bulks.
Mr market looks to have punished the super miners for not hitting production targets during difficult times at least that's my theory. Where as there is an expectation that FMG has actually exceeded its targets despite the challenges it faced with border closures and COVID related labour shortages. Great management FMG.
Personally such actions have helped to maintain IO price strength this year during such strange times.
Looks like lock downs & the Feds potential 0.5% rate increase may be starting to bite.
Iron ore price, page-44730
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |