Sounds like a slingshot situation getting ready. Lower stocks, higher usage, IO price holding steady despite the lower buying.
It's going to explode when they need to restock...
Iron ore price, page-50622
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 (20min delay)
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Last
$27.01 |
Change
-0.230(0.84%) |
Mkt cap ! $83.16B | |||
| Open | High | Low | Value | Volume |
| $27.24 | $27.25 | $26.88 | $95.85M | 3.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $27.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.03 | 26437 | 4 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$26.91 |
Change
-0.230 ( 1.46 %) |
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| Open | High | Low | Volume | ||
| $27.25 | $27.25 | $26.89 | 522670 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FMG (ASX) Chart |