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
$23.21 |
Change
-0.210(0.90%) |
Mkt cap ! $71.24B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.04 | $59.64M | 2.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65 | $23.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.22 | 10247 | 27 |
View Market Depth
| Last trade - 15.14pm 14/06/2024 (20 minute delay) ? |
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Last
$23.17 |
Change
-0.210 ( 0.76 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.04 | 681679 | ||
| Last updated 15.34pm 14/06/2024 ? | |||||
| FMG (ASX) Chart |