It is the way China conducts business with every commodity, buy and stockpile while prices are low, don't buy when prices are higher and use the stockpile.
Side effect, when the share price of companies drop due to this yoyo effect, China cherry picks the best resources and buys into them on the cheap.
WPL buy, page-37
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Last
$25.83 |
Change
0.270(1.06%) |
Mkt cap ! $49.01B | |||
| Open | High | Low | Value | Volume |
| $25.62 | $25.90 | $25.57 | $23.76M | 922.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2296 | $25.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.83 | 569 | 5 |
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| Last trade - 12.56pm 10/10/2024 (20 minute delay) ? |
| WDS (ASX) Chart |