cabbott,
IMO the change to a 5 year supply contract has nothing to do with any perceived China slowdown.
If you are a buyer and you think the price of iron ore is going to go up, then you will want a 10 year contract.
If you are a buyer and you think the price of iron ore is going to go down, then you will want a 5 year contract.
The opposite is true if you are a seller.
Its a gamble for both Shougang and ADY. Could go either way. Personally, I think the price of iron ore is more likely to go up further. So it is likely to be ADY who is insisting on the 5 year contract. Not Shougang.
announcement out, page-39
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
-0.001(4.17%) |
Mkt cap ! $18.73M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $5.302K | 481.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 323605 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 490037 | 2 |
View Market Depth
| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| ADY (ASX) Chart |