Another lazy 10% since my last post.. that's cool.
Meanwhile, market fundamentals are increasingly constrained. Demand increasing. My favourite article, titled "Pulp Friction" - gold.
https://www.dutchnews.nl/news/2021/09/pulp-friction-may-make-christmas-card-greetings-more-expensive/
Meanwhile, Shanghai futures remains elevated. Interesting report here showing that the total volume on the futures market traded in 2020 was 400m tonnes, which was achieved in March 2021. Expecting this trend to continue, which by the way impacts the actual FOB price particularly for China exports.
https://www.fastmarkets.com/media/files/pra/fmv2/pdfs/promotional%20materials/the-future-of-china_pulp_futures.pdf?utm_medium=referral&utm_source=public+relations&utm_campaign=f_packaging_2021-06-01&utm_content=press+release&utm_term=pulp+futures_term=pulp+futures
And finally, the catalyst for an even higher re-rating of Midway is the current negotiations they are doing with the Chinese for 1H22 contract prices. I suspect these will be announced around the time of the AGM (late Nov, early Dec) and should be pretty good. Hopefully all those new coming online in China will push up the price from US$180.
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Last
94.0¢ |
Change
-0.035(3.59%) |
Mkt cap ! $82.09M |
Open | High | Low | Value | Volume |
98.0¢ | 98.0¢ | 93.0¢ | $19.04K | 19.74K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1952 | 94.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.0¢ | 83462 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1952 | 0.940 |
3 | 4083 | 0.930 |
2 | 11999 | 0.910 |
1 | 1100 | 0.905 |
1 | 2000 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.970 | 83462 | 1 |
0.985 | 26230 | 1 |
0.990 | 57535 | 2 |
0.995 | 5920 | 1 |
1.000 | 1178 | 1 |
Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
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