Good strategy by BHP & RIO in undermining the annual single negotiation session headed by the Chinese.
Signing individual deals with peripheral players that may previously been paying a large premium for spot will make the Chinese very nervous that "their" quota might well end up with existing spot buyers.
interesting that sp is dropping at open, page-4
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Last
$117.62 |
Change
-1.010(0.85%) |
Mkt cap ! $43.66B | |||
| Open | High | Low | Value | Volume |
| $117.51 | $118.73 | $117.02 | $240.5M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 681 | $117.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.93 | 3187 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |