The fundamental outlook continues to worsen but the big fella continues to stoically hold its ground. Copper and oil prices have firmed a little in recent weeks, but expectations for contract prices for key commodities IO and Coking coal have moved from 20-30% falls to 40-50% falls over the last month.
Remember in all previous commodity cycle busts of this nature, prices have not begun to recover for many years. Considering people are labelling this the "Great Recession", you would think this would be a particularly relavent point.
BHP has defied gravity to date, but in my view it is only a matter or of time before our old friend Mr Newton's theory takes its grip
big numbers, page-38
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |