Mongombolo,
they could stall and be forced to sell on the spot market, which would have the same result. I dont believe that China are under any obligation to continue to buy ore at the current contract price once the contract period is complete. If they have stockpiled ore it gives them the power to negotiate on terms that suit them.
Just food fo thought,
knino
opening price?, page-20
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |