CCP restricting steel production and export volumes is feuling US steel price rises (up 90% this calendar year) and ROW demand. If this is maintained the production is just shifted from China to ROW and in turn so is the IO demand. Chinese are not going to sit back and watch ROW make super profits from steel because they have restricted production to slow emissions which they really don't give a stuff about.
I could understand IO prices softening if the supply/demand equation dictated it but given steel prices and demand are going gang busters then CCP artificially intervening in the domestic market has global ramifications.
Don't get between a Chinese steel maker and a shite load of profit on offer. See how long this drop lasts for.
- Forums
- ASX - By Stock
- FEX
- Price of Iron Ore
Price of Iron Ore, page-90
-
- There are more pages in this discussion • 1,727 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 FEX (ASX) to my watchlist
(20min delay)
|
|||||
Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $190.9M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 25.5¢ | $347.8K | 1.327M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 240502 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 155900 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 123842 | 0.260 |
3 | 90000 | 0.255 |
11 | 237730 | 0.250 |
5 | 338038 | 0.245 |
23 | 377976 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 152080 | 4 |
0.270 | 189610 | 5 |
0.275 | 40000 | 2 |
0.280 | 397499 | 7 |
0.285 | 173711 | 5 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
FEX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online