A little bump expected on Monday ahead of the Memorial Day holiday in the US. As FY24 quickly draws to a close its interesting to consider analyst IO forecasts in light of the futures curve below which has strengthened considerably and is now remarkably flat. I note Goldman has $99 penciled in for FY25... and well if FMG wanted they could pretty much lock in $113 (ex VAT) nearly all the way out to May 2025 at this stage...
Copper tried to bounce again overnight but failed.... watch this space next week.
Iron ore price, page-52237
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Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.50 | 4305 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |