It's not going to the previous lows, purely because of increased demand and enough supply coming out of the mix to slow the price decline.
I think Aussie spod 6% could get as low as $700 US /T (CIF China),so maybe some fall from here ( currently $825 US/T).
Thats my best guestimate on Spod, so an equivalent fall on the chemical side.
I think LTM will be ok, and cutting back on capital expenditure in times of low pricing will help, but I can see the share price down at $3.50 or potentially lower if my price predictions are accurate.
The question share holders need to ask themselves is do I sell here and buy back lower or do I ride it out. If you need to bank some tax losses then the sell and buy back in later might be appealing. Personally I'm riding it out, not financial advice just my personal musings.
Chrustopher
It's not going to the previous lows, purely because of increased...
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Last
$8.23 |
Change
-0.010(0.12%) |
Mkt cap ! $2.838B | |||
| Open | High | Low | Value | Volume |
| $8.23 | $8.24 | $8.09 | $118.8M | 14.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 171682 | $8.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.23 | 209008 | 5 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| LTM (ASX) Chart |