Just in case you are wondering why there is movement in the local Chinese domestic spot price..."China's Top Port Shuttered For Seventh Day As Congestion Crisis Spreads"
"Michael Every, Head of Asia-Pacific Financial Markets Research at Rabobank, recently said Delta leads to further disruption to shipping at China's busiest ports. The virus is impacting even Vietnamese and Thai production. In short, shipping snarls are going to get worse. Anecdotes are of shippers telling clients they will not deliver except at a premium; of smaller firms, and countries, being pushed down the priority list; of ships refusing to pick up goods exports from some locations; and of a structural supply-demand mismatch of sought-after shipping containers."
""Most ports are already experiencing congestion or delays, so any additional and uncatered for volumes will heap on more pressure," said Drewry's Heaney.""
"Goldman Sachs has explicitly warned that "port closures or stricter control measures at ports could also put further upward pressure on shipping costs, which are already very high.""
"Increasing port congestions in China is bad news for US importers who may experience longer shipping times and incur higher shipping costs on products that will be passed onto consumers. There's also the risk of product shortages developing."
https://www.zerohedge.com/markets/china-top-port-shuttered-seventh-day-congestion-crisis-spreads
With respect, perhaps you should be looking to "Benchmark" for your international lithium price assessments...and not the local Chinese domestic spot price.
- Forums
- ASX - By Stock
- LKE
- 2021 and beyond
2021 and beyond, page-4632
Featured News
Add LKE (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $90.33M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.0¢ | $170.7K | 3.322M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 1718818 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 132256 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 1951876 | 0.050 |
6 | 823244 | 0.049 |
10 | 675611 | 0.048 |
7 | 431169 | 0.047 |
6 | 818069 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 109741 | 4 |
0.052 | 95846 | 3 |
0.053 | 309025 | 8 |
0.054 | 335947 | 4 |
0.055 | 931155 | 7 |
Last trade - 15.42pm 15/11/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online