FMG 1.29% $24.37 fortescue ltd

Iron ore price, page-35815

  1. 41,862 Posts.
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    To those holders look at iron ore future prices, which quotes does the market use when factoring the valuation of a producer even on the daily basis?

    Singapore futures has a big discrepancy between the Aug & Sept contract but the rest of the forward contracts are much more stable reflecting Sept ones. Dalian forward seems to be in sink with Singapore contracts.

    The SMH is reporting IOP based on August price, is this misleading or an assumed spot pricing?

    All are showing backwardation and is this code for China's economy slowing as opposed to an artificial control of prices by chocking the production of steel?

    If we observe their Big e-commerce Tech, education and we hear speculation of then targeting excess branded goods, the investors are already getting out of LVMH/Kering last week.

    FMG like its peers are all heading to perceived value but like the big Chinese Tech, it is either an opportunity or bull trap in the short term. It does looks very tempting though.

    Interested in the IOP prices and what prices investors are using. Cheers.
 
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