- Lumber has a leading relationship with leading indicators of economic activity while copper has a coincident relationship with leading indicators of growth.
- ISM new manufacturing orders are regarded as one of the best and most consistent indicators of economic activity over the next quarter or so.
- Lumber prices lead the ISM new manufacturing orders series by three months while copper prices act coincidentally.
Lumber price has increased 25.5% since bottoming 15/7/24
Is Lumber telling us that new manufacturing is destined to rise in Sep / Oct dragging copper upward with it?
Ann: Becoming a substantial holder, page-7
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Last
49.0¢ |
Change
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Mkt cap ! $344.0M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.0¢ | $367.1K | 753.3K |
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| No. | Vol. | Price($) |
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| 2 | 20900 | 48.5¢ |
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| Price($) | Vol. | No. |
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| 49.5¢ | 80742 | 4 |
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| 29M (ASX) Chart |