Commodities views
On the commodities front, these are Morgan Stanley’s latest views:
Steel / Iron Ore
We’re approaching the peak season for construction and this is spurring an increase in Chinese steel output.
Steel exports are also strong, up 31% in January-February, and this has resulted in an 8% increase in iron ore imports.
Iron ore port inventories rose sharply into January, but have drawn down in February.
China's iron ore stock at ports and stock-to consumption ratio. Source: Mysteel, NBS, CEIC, Morgan Stanley Research
Iron ore price, page-51838
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |