that's the whole point of having different people analysing different sections of the marker for different outcomes, put 100 analysts in the room and ask them what they think FE 62% pricing in July 2023 would be? I'd say there would be a lot of different answers, America is that part of the consumption end of the end product ....
when I look for iron ore prices I look at these metrics
seaborne fleet data
infrastructure spending
steel demand
steel output
iron ore output
weather at major shipping channels
average time at sea
cost of production for iron ore
cost of production for steel
cost of seaborne travel
number of ships leaving china steel ports
number of ships leaving port headland
china iron ore inventory
cost of coal has some weight aswell, as this can effect steel output costs and steel production as well which has inflow to iron ore demand
Iron ore price, page-47736
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Last
$18.77 |
Change
0.265(1.43%) |
Mkt cap ! $57.43B | |||
| Open | High | Low | Value | Volume |
| $18.52 | $18.97 | $18.52 | $63.56M | 3.386M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 4802 | $18.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.77 | 6843 | 26 |
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| Last trade - 15.25pm 15/01/2025 (20 minute delay) ? |
| FMG (ASX) Chart |
