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.
Just an amazing divergence between every major commodity...
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Last
$1.32 |
Change
-0.025(1.87%) |
Mkt cap ! $2.204B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.32 | $1.25 | $6.073M | 4.710M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22946 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 55546 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| CRN (ASX) Chart |