Futures for industrial metals wont normally rally far away from spot unless theres a black swan.
especially for industrials the shortage can be obvious as hell and nobody cares until the bids are forced up consistently on spot to secure supply.
I dont think were far away from this, as copper has remained closer to 4 than 3 $ for a significant portion of the year with no real short term demand drivers.
It'll start later this year and into the next imo, give time for china's eased lockdowns to have an effect on demand and global construction to kick off again after fears of this mega recession die down.
Futures for industrial metals wont normally rally far away from...
-
- There are more pages in this discussion • 7,190 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 HCH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
93.0¢ |
Change
-0.005(0.53%) |
Mkt cap ! $140.7M | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 95.0¢ | 93.0¢ | $245.6K | 262.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1071 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 2001 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HCH (ASX) Chart |