It appears the IO price has indeed peaked about now (around $120) one week after December. It looks like the IO price bull market since November has been unsustainable after all.
I think the threat of a "crack down" by the regulators may see a precipitous plunge in IO price after CNY.
Hence I asked previously of people's opinions about the FMG share price based on various assumption of IO price at 62% fe CFR.
DYOR
Iron ore price, page-48709
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Last
$26.91 |
Change
-0.330(1.21%) |
Mkt cap ! $83.22B | |||
| Open | High | Low | Value | Volume |
| $27.24 | $27.25 | $26.88 | $52.94M | 1.958M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 5223 | $26.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.92 | 6987 | 49 |
View Market Depth
| Last trade - 15.20pm 21/05/2024 (20 minute delay) ? |
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Last
$26.96 |
Change
-0.330 ( 1.30 %) |
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| Open | High | Low | Volume | ||
| $27.25 | $27.25 | $26.89 | 453002 | ||
| Last updated 15.39pm 21/05/2024 ? | |||||
| FMG (ASX) Chart |