lookandsee.
We are talking about different credit tighting. The credit tighting you were talking about is very general. it is same as US reduce QE, Chinese government also need to tighting credit to avoid inflation.
But today's tighting is only to iron ore. It's to avoid the Bank risks if iron ore price drop IMO.
It's very obvious that the 111 million iron ore stock is abnomal. Correction of iron ore price is going to happen sooner or later with the destocking happen.
So in short term, I am still a shoter for FMG.
Good luck
Stephenchen
lookandsee.We are talking about different credit tighting. The...
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Last
$16.82 |
Change
-0.500(2.89%) |
Mkt cap ! $51.78B | |||
| Open | High | Low | Value | Volume |
| $17.11 | $17.23 | $16.81 | $252.2M | 14.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 13676 | $16.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.83 | 350 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |