Its just the media which is twisting the rally scenario because of some broking house influence, look at Bloomberg it has around 10 s of articles on this with just opposite view and contradicting each other, China is trying to cap the iron ore price but with inventory low demand high and China trying to stimulate the housing sector and India has just kick started their infra development and set to replace China as no 1 buyer of Iron ore, Iron ore price will go just one way thats up, but China will try to take a hit job on the price to get them at cheaper price, but very hard to cap this with a competitor in the market now...
Iron ore price, page-50956
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |