Anything can happen in the short term given the unprecedented bearish market sentiment, but over the medium term I trust that the natural floor that people frequently talk about is real(ie the domestic IO producer in PROC with about 30% of the market share have lower grades and generally smaller scale so are becoming costly at around $90-120 per tonne). This will effectively put a floor in the price at around $120-130.
I went back and looked at the presentation to the Australian Stockbrokers Assoc on 30/5/2012,p20 graph on price. It shows two strong price rebounds from about $118/T, so I hope that repeats for a third time.
FT
- Forums
- ASX - By Stock
- price of iron ore
Anything can happen in the short term given the unprecedented...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B |
Open | High | Low | Value | Volume |
$18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45418 | $18.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.30 | 1200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 17409 | 18.260 |
3 | 1797 | 18.250 |
2 | 3500 | 18.240 |
3 | 2143 | 18.230 |
5 | 6103 | 18.220 |
Price($) | Vol. | No. |
---|---|---|
18.300 | 1200 | 1 |
18.310 | 400 | 1 |
18.340 | 3281 | 1 |
18.350 | 3000 | 1 |
18.380 | 75 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online