Looks like FMG might hit shorters target of 4.20 if the price closes below 4.50 this week.
"Fortescue Metals Group has been forced to further discount its higher grade iron ore in China, as pollution control measures see steel mills cut back production during the northern winter.
Traders have told The Australian Financial Review the discount for Fortescue's December delivered product with 58.3 per cent iron content had increased to 29 per cent." - AFR 19hours ago.
Please assist - advise on a camp and new earth works just up the road from Cloudbreak in the Pilbara, page-13
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3190 | $21.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.22 | 1058 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |