I've been keep an eye on the shipping cost, this normally a good indicator about shipping volumes for next 2 weeks or so:
From Brazil Tubarao to Qingdao yesterday: US$11.636/wmt
At it's peak last year, shipping cost was over US$24/wmt
Previously:
- 19/3/2019 US$11.782/wmt
- 19/2/2019 US$12.911/wmt
- 18/1/2019 US$17.886/wmt
The trend is still down... which means Vale's shipping volumes are not picking up too much, if any at all.
DYOR
Frank
Iron ore price, page-11281
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Last
$18.99 |
Change
0.290(1.55%) |
Mkt cap ! $54.31B | |||
| Open | High | Low | Value | Volume |
| $18.73 | $18.99 | $18.51 | $88.87M | 4.711M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25657 | $18.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.99 | 6585 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
