Bearing in mind increases in stock prices precede increases in commodity prices happen more often than not, I can't see a recovery in the short term due to continued depressed demand.
These recent announcements by China and Japan are all just intentions that may take months or even years to see real demand increase.
Don't get too excited this early in the peace. The huge run up will happen but not so much now but in a few years. I'm expecting this early sentiment to run out of puff soon.
spot price still in the doldrums
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Last
$13.17 |
Change
0.020(0.15%) |
Mkt cap ! $3.937B | |||
| Open | High | Low | Value | Volume |
| $13.29 | $13.39 | $13.04 | $23.61M | 1.782M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7662 | $13.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.18 | 22798 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |