FEX 1.92% 26.5¢ fenix resources ltd

IO looking much better last few days: Iron-ore futures in China...

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    IO looking much better last few days:

    Iron-ore futures in China rise in early Asian trade, as output curbs continue to push prices of steel in the country. Pollution-related curbs on steel mills in the Chinese steel-making hub of Tangshan has tightened steel supply in the market, ANZ says. Meanwhile, steel demand in China remains strong amid construction-focused stimulus measures, the bank says. The most-traded January iron-ore contract on the Dalian Commodity Exchange is up 1.6%

    The recent rise in iron-ore inventories at Chinese ports isn't necessarily a harbinger of weaker prices for the steel ingredient, according to Macquarie. China's port stocks have climbed to 128 million metric tons, up more than 13 million tons since July, which would typically be viewed as a bearish signal for iron-ore prices. But "a more holistic approach" on how much iron ore is available in China, taking into account imports and hot-metal production rates, suggests inventories in China remain relatively low and there's plenty of scope for further buying in the coming weeks, Macquarie says. Spot iron ore last fetched $124.90/ton, up 1.3%
 
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Last
26.5¢
Change
0.005(1.92%)
Mkt cap ! $184.0M
Open High Low Value Volume
26.0¢ 27.0¢ 26.0¢ $311.3K 1.174M

Buyers (Bids)

No. Vol. Price($)
3 22783 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 222624 8
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
26.5¢
  Change
0.005 ( 0.95 %)
Open High Low Volume
26.0¢ 27.0¢ 26.0¢ 373808
Last updated 15.59pm 29/03/2024 ?
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