Iron ore price, page-45712

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22/06/22

12:37

Post #: 62135335
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Originally posted by zendiceman: ↑

Not sure it will reach $14 but irregardless if it does I'll back up the truck and will try to grab as many as I can.
Kicking myself I missed $17

Looks like the FMG product range is certainly fairing better than the 62% as steel mills look to reduce costs in response to the margin crunch they are facing. Looks like the discount to 62% at port has narrowed to below 10% according to SMM.

Will publish later.

Byron Bay @mah? The Northern Rivers has a special place in my heart. The Manta Rays & Leopard sharks at Julian Rocks are a gift. Many a spring spent guiding scuba divers through those waters around Byron, down to Split Solitary off Coffs and the grey nurse shark nursery at South West Rocks. From Foster/ Tuncurry up to Byron, it's one of the best coast lines in Aust for scuba in Aust. Magic

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Originally posted by zendiceman: ↑

Great point Convexity, third parties outside of Aust have been selling Aust coal into China at a higher clip since the irrational Sino Aust coal embargo. Last year the Chinese didn't even have enough coal to warm itself through the winter. That is a wonderful example of Chinese failure to understand the market and trying to manipulate it for its own ends

Taking your argument one step further about the Jrn's not being able to attract capital, what about the big boys when trying to replace the existing assets that are in decline.

You can try to mandate a wholesale price across the market and the market simply won't produce or the availability will decline.

Why should we be subjugated to CCP?

As a shareholder I would prefer we double our FFI & green steel investments to ensure this comes on line faster.

The market will define the outcome and China just doesn't get that.

Without incentive or big enough incentive we won't export to them.

The current situation is only temporary, over time Xi will accept that China can't have COVID zero. The rest of us who have lived through much higher rates will also know you can still make great money with good companies.

The Dallian is already above 760 now after dropping to 720's. The price will remain rocky for a while yet.

But we are still making great coin and the low Aus dollar is buffering the falls to some extent.

Glad I picked up cheap airfares and accommodation here in Palm Cove. Thanks for the amusement queen guru

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looks like it went below 720 now

FMG Price at posting: $17.48 Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last $18.88		Change -0.210(1.10%)		Mkt cap ! $58.13B

Open	High	Low	Value	Volume
$19.25	$19.26	$18.80	$114.8M	6.045M

Buyers (Bids)

No.	Vol.	Price($)
4	2485	$18.88

Sellers (Offers)

Price($)	Vol.	No.
$18.91	185	1

View Market Depth

No.	Vol.	Price($)
3	2477	18.880
1	2000	18.860
9	50125	18.850
5	111368	18.840
4	74842	18.830

Price($)	Vol.	No.
18.910	185	1
18.960	2300	1
18.990	1501	3
19.000	1324	1
19.010	14874	1

Last trade - 16.10pm 06/11/2024 (20 minute delay)

FMG (ASX) Chart

Iron ore price, page-45712

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Iron ore price, page-45712

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