Just an amazing divergence between every major commodity skyrocketing and Coking coal languishing at such depressed levels. Coking coal over the past decade has a near 90% correlation with thermal, yet this correlation has fallen to near zero. Iron Ore, also a key ingredient in steel making like coking coal, at decade highs while coking coal prices are depressed. I would be very surprised if this divergence doesn't correct itself, most likely with a strong rebound in coking prices which would put a rocket under CRN.
Divergence
Add CRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
91.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.533B | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 93.0¢ | 91.3¢ | $941.9K | 1.025M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2055 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 13600 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CRN (ASX) Chart |