It appears the IO price has indeed peaked about now (around $120) one week after December. It looks like the IO price bull market since November has been unsustainable after all.
I think the threat of a "crack down" by the regulators may see a precipitous plunge in IO price after CNY.
Hence I asked previously of people's opinions about the FMG share price based on various assumption of IO price at 62% fe CFR.
DYOR
Iron ore price, page-48709
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Last
$26.66 |
Change
0.050(0.19%) |
Mkt cap ! $81.93B | |||
| Open | High | Low | Value | Volume |
| $26.76 | $26.77 | $26.63 | $52.32M | 2.020M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1096 | $26.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.67 | 85 | 3 |
View Market Depth
| Last trade - 10.06am 17/05/2024 (20 minute delay) ? |
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Last
$26.78 |
Change
0.050 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| $26.73 | $26.82 | $26.62 | 40440 | ||
| Last updated 10.26am 17/05/2024 ? | |||||
| FMG (ASX) Chart |