Even SMM thinks the Guangzhou futures market is dodge. "Lenient" is the word they choose
According to SMM, the spot market is in oversupply because of both increased Chilean and domestic production and producers not currently needing the spot market supply. Interesting how Guangzhou futures commenced in July and then linearly trend the spot price down. The polar opposite to Pilbara's BMX auction almost immediately prior. Contract pricing will fall too, benefiting OEMs and chemical producers.
It's easy to flood a 'market' that is only a small and peripheral pathway for its product, like overflowing the kitchen sink and saying the house is flooding.
WR1 General Discussion, page-23549
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
53.5¢ |
Change
-0.035(6.14%) |
Mkt cap ! $118.5M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 52.5¢ | $806.8K | 1.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 10084 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |