Charlie Aitkin reckons that the contract price for Iron Ore in China is going to be a lot higher than the Chinese expect. Spot prices are already well in advance of where the Chinese thought the negotiations were. Plus RIO has tidied up their balance sheet by repaying half their debt. I think they're sitting sweet. I reckon long RIO short BHP for a nice little pairs trade.
I'm putting it on this morning.
- Forums
- ASX - By Stock
- RIO
- rio/bhp pairs trade
rio/bhp pairs trade
-
- There are more pages in this discussion • 1 more message 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 RIO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$119.00 |
Change
-2.540(2.09%) |
Mkt cap ! $44.17B |
Open | High | Low | Value | Volume |
$120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 130 | $118.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$119.13 | 1255 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30 | 118.990 |
1 | 8 | 118.970 |
2 | 335 | 118.950 |
1 | 84 | 118.940 |
1 | 220 | 118.900 |
Price($) | Vol. | No. |
---|---|---|
119.400 | 44 | 1 |
119.940 | 7 | 1 |
120.340 | 750 | 1 |
120.500 | 1360 | 2 |
120.890 | 83 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
RIO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online