Chinese traditionally run down their inventory going into Chinese New Year & this usually causes LME stockpiles to rise & therefore spot prices to fall.
When the Chinese come back from New Year they come back to healthier LME stockpiles & lower prices but their own inventories very low, so increased buying, rising spot prices & falling LME stockpiles are what we will see over the coming weeks.
bhp billiton enhanced bid for rio tinto , page-13
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Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10101 | $39.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 18075 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |