Mkts/analysts starting to realise a slowdown in China is co-inciding with a massive overproduction of Iron Ore. Even met-coal price is already under pressure and that's before another 8-10 mines begin production... just in QLD! It goes without saying BHP SP will remain under pressure.... it's a case of how far can it fall. $33 looking vulnerable imo esp if commodity prices drop further early next week. You have to ask: Is the 80Billion BHP is spending over next 5 years timely?
$33 is not an impossibility
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Last
$40.77 |
Change
0.240(0.59%) |
Mkt cap ! $206.7B | |||
| Open | High | Low | Value | Volume |
| $40.70 | $40.90 | $40.45 | $537.7M | 13.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $40.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.78 | 8000 | 4 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |