Hi brisv ... we were happy to accumulate BHP at $22's and continue to hold hedging the downside as we see price peaking.
You are right in that it is about news ... coking coal contract price talks are held annually between producers and mills, usually beginning in late January. Prices are set to drop from US$300 to US$120/tonne and BHP's Kloppers has already been told by ArcelorMittal, the world’s biggest steelmaker that it would slash production by as much as 35 percent.
Expecting downgrades from the miners and speaking of downgrades which look at what happened to Leighton !!! (one of my fav's)
Cheers ... tight stops.
This is only my view ... read the black stuff.
Hi brisv ... we were happy to accumulate BHP at $22's and...
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Last
$42.78 |
Change
0.140(0.33%) |
Mkt cap ! $217.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.97 | $42.14 | $223.0M | 5.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10160 | $42.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.79 | 5000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |