Underlying catalysts for short-term increases in IO spot prices appear positive. IO Shipping costs appear to be coming off from the highs late last year.
IO Prices - Trading Economics
Spot prices of iron ore with 63.5% iron content for delivery to Tianjin extended gains to above $140 a tonne, the highest since early September, amid rising imports from China and seasonal hoarding ahead of the Lunar New Year holidays. Expectations the Chinese authorities will be providing more stimulus to shore up its slowing economy also raised prospects of rising investment in property and infrastructure sectors. At the same time, concerns over supply disruptions due to weather conditions and labour shortages in major miners in Australia continue to weigh.
Shipping Costs - Source: Clarksons Research
Underlying catalysts for short-term increases in IO spot prices...
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Last
$7.19 |
Change
-0.050(0.69%) |
Mkt cap ! $3.737B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.32 | $7.14 | $6.456M | 895.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8160 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.20 | 5015 | 2 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$7.20 |
Change
-0.050 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| $7.28 | $7.28 | $7.15 | 110668 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
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