FMG 0.35% $25.66 fortescue ltd

The latest Platts 62 is:28/7/23: US$109.40MTD: US$112.59SP...

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    The latest Platts 62 is:
    28/7/23: US$109.40
    MTD: US$112.59

    SP retreated last 2 sessions:
    1. Q Report was solid but not spectacular, so ST (Short term) traders took profits and exit.
    2. Super Typhoon in Southern China affecting ST demand of construction steels, hence lower IO prices, both in Futures and Spot.

    FYI
 
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