Australia's largest stock trading and investment forum Australia's #1 stock forum

AKE

Click for more information

0.00%

$9.83 allkem limited

Yeah, that's a fair point. Wouldn't be the first time I'm wrong.

First 12 Last

Share
Profile

Follow
CropofCream

743 Posts.

182

20/04/23

08:47

Post #: 67368014
Share

Originally posted by Stephan90: ↑

I don't know wether or not the Chinese spot prices can be manipulated but we do know that buyers in the Chinese spot market follow a wait and see strategy as long as possible. They don't have the full transparency of supply, demand and inventories from all buyers and producers. But the same way as it happened previously, when the spot prices climbed to over 85K USD, when the prices rise again then the same buyers who refused to buy as long as possible will then buy as much as they can in panic and will drive up the prices higher than they needed to be, if there was full transparency on supply, demand and inventories for every buyer and seller.

Expand

Yeah, that's a fair point. Wouldn't be the first time I'm wrong.

AKE Price at posting: $12.28 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 42 more messages in this thread...

First 12 Last

Add AKE (ASX) to my watchlist