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
$23.22 |
Change
-0.200(0.85%) |
Mkt cap ! $71.24B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.04 | $58.50M | 2.508M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 2762 | $23.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.22 | 5564 | 10 |
View Market Depth
| Last trade - 15.00pm 14/06/2024 (20 minute delay) ? |
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Last
$23.21 |
Change
-0.200 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.04 | 640868 | ||
| Last updated 15.19pm 14/06/2024 ? | |||||
| FMG (ASX) Chart |