Iron ore price up 90 cents today to $110.50.
Looks like the price has stabilised at these levels, basically equates to EBITDA of $6 billion for FMG if it stays at this price all year.
Personally I think it will slowly tick up as China moves into its peak construction season.
The other positive is that at $110 its certainly putting pressure on Chinese iron ore production much of which is unprofitable at this price.
Iron ore price up 90 cents today to $110.50.Looks like the price...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |