'"" (Bloomberg) -- Iron ore touched its highest in nearly a month as traders bet on a modest improvement for China’s steel market.
Futures in Singapore rose the previous four trading days and are up more than 6% this week due a tick-up in demand and hopes for a stimulus boost at a major Chinese political gathering — known as the Third Plenum. The steelmaking ingredient is now solidly above $110 a ton after trading below that threshold for most of June. ""
is there more to the recent IO spike other than hopes for Stimulus from the mother land?
wondering, as many of us do, does this rebound have legs?
Iron ore price, page-52854
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.60 |
Change
-0.385(1.93%) |
Mkt cap ! $60.22B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.70 | $19.20 | $138.2M | 7.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 5768 | $19.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.60 | 5880 | 22 |
View Market Depth
| Last trade - 14.52pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |