Thoughts?
"Some suggest that speculative forces in Chinese futures — responsible for periods of acute price gains in spot and physical markets during 2016 — have taken hold once again, seeing fundamentals pushed to the side for the moment.
“There has been an improvement in sentiment since last week and I think there are more speculative” forces at play, Wang Di, an analyst at CRU consultancy in Beijing, told Reuters.
Another Singapore-based trader described the moves as “crazy”, suggesting that there was no reason to explain the move in futures given “poor” iron ore fundamentals that should be capping gains."
Thoughts? "Some suggest that speculative forces in Chinese...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $60.19K | 231.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 251646 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 47449 | 5 |
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| Last trade - 12.37pm 04/12/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
