I think some traders are confused BF Pallets with DR Pallets. ALL Chinese made IO Pallets are BF Pallets, whereas Southdown is aiming to make DR Pallets. DR Pallets attracts higher premiums than BF Pallets (~US$7-8/dmt), and as world's steelmakers moving towards making more green steels, more DF Pallets will be required and hence larger premiums are more than likely.
Today's SP drop is a good opportunity if you like the future of DR Pallets.
DYOR
Ann: Grange Re-acquires Interest in Southdown Magnetite Project, page-24
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Last
36.8¢ |
Change
-0.003(0.68%) |
Mkt cap ! $425.3M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.5¢ | $691.0K | 1.868M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 400599 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 67671 | 13 |
View Market Depth
| Last trade - 13.52pm 06/06/2024 (20 minute delay) ? |
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Last
37.0¢ |
Change
-0.003 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| 37.5¢ | 37.5¢ | 36.5¢ | 599712 | ||
| Last updated 14.07pm 06/06/2024 ? | |||||
| GRR (ASX) Chart |