You are asking a short who doesn‘t do much research and expect to get answers? Good luck with that.
1. Could be anything, depend on the DEMAND, but I can tell you, DEMNAD IS BACK, you will see IO port inventory decrease over next 2 months minimum.
2. Current full capacity is around 150MT, but can be added if Chinese wants to add more capacity, hopefully they won‘t need it.
3. 90% Profitable if IO is US$60? Don‘t forget there are different grades for different prices, not EVERY producer is getting US$88/dmt now, if 62% IO is US$60, 58%P could be US$54/dmt and sub 58% could be US$48/dmt, still profitable? I don‘t think so if add ALL IN COST. A lot Chinese IO producer will start losing money at US$80, if demand remain strong and steel prices remain high, can‘t see IO falling in near future.
DYOR.
Frank.
- Forums
- ASX - By Stock
- News: FMG Australia shares steady as rising miners duel falling financials; NZ lower
You are asking a short who doesn‘t do much research and expect...
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B |
Open | High | Low | Value | Volume |
$16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5870 | $17.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.50 | 12148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5300 | 17.480 |
1 | 1000 | 17.460 |
1 | 6609 | 17.450 |
4 | 6819 | 17.400 |
1 | 2500 | 17.350 |
Price($) | Vol. | No. |
---|---|---|
17.500 | 148 | 1 |
17.560 | 3333 | 1 |
17.600 | 2600 | 1 |
17.670 | 1000 | 1 |
17.680 | 593 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online