FMG 0.35% $25.66 fortescue ltd

16/6/2023:Platts 62 US$115.50 up $0.10MTD US$112.36US Markets...

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    16/6/2023:
    Platts 62 US$115.50 up $0.10
    MTD US$112.36

    US Markets were headed for positive finishes until Richmond Fed President Tom Barkin indicated that he's willing to raise rates if inflation doesn't fall soon, oh well some of these Fed members like to bluff to show their importance. Apart from this, we should continue to see Global market run higher in near future as more sideline investors come back to stock markets, no one really want to miss the BULL market.

    As for China IO markets, we all know there is a balance act between Steel and IO prices. They want higher Steel prices but at the same time, to keep IO prices low, well I'm sorry but you can't have it both ways.

    Keep enjoy the ride.

    FYI


 
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