That's right. Spot IO price hit a recent bottom of $79.95 (Mysteel) on 1 Nov. Pretty sure it will test $96 a ton soon for a 20% rise as per the definition of a bull market.
Shorters will tremble in fear to cover their shorts when the media herd starts fanning the news of a return to triple digit IO price.
Iron ore price, page-48064
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Last
$27.60 |
Change
0.590(2.18%) |
Mkt cap ! $84.14B | |||
| Open | High | Low | Value | Volume |
| $27.64 | $27.67 | $27.15 | $49.64M | 1.808M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5208 | $27.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.60 | 29335 | 21 |
View Market Depth
| Last trade - 12.46pm 22/05/2024 (20 minute delay) ? |
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Last
$27.56 |
Change
0.590 ( 2.35 %) |
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| Open | High | Low | Volume | ||
| $27.64 | $27.66 | $27.16 | 430802 | ||
| Last updated 13.03pm 22/05/2024 ? | |||||
| FMG (ASX) Chart |