Oversupply is a Myth.
Has anyone heard of any shipments of Iron ore from Rio, Bhp , Fmg , Vale , Ago or any other company for that matter not being accepted and stocks at ports are not rising.
Everything coming out of the ground is still being sold that does not equal oversupply.
It's all perception in the market of what may happen not what is happening.
Why is the price of copper falling ? perception ?
All the copper coming out of the ground is being sold.
And stocks are falling.
http://www.*****net.com/charts/metals/base/lme-warehouse-copper-60d.gif
Is BHP the First Aussie Co to Lose $100B in Value, page-26
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Last
$40.32 |
Change
-0.455(1.12%) |
Mkt cap ! $205.1B | |||
| Open | High | Low | Value | Volume |
| $40.72 | $40.76 | $40.28 | $115.1M | 2.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1796 | $40.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.32 | 2671 | 14 |
View Market Depth
| Last trade - 15.21pm 02/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |