Thanks djr - any chance of arranging a translation, especially for this section:
We wait to see if today’s COTR data shows profit-taking and/or short selling. C-3s has eased – it was last at $16-14 per tonne contango, having been $11-9 contango at the end of last week and $3.50-1.50 earlier last week. This suggests some profit-taking by longs or a drop in short-covering. Given some concentrated holdings of nearby positions, with one entity holding 50-79 percent of the warrants and ‘tom’ and cash positions equivalent to 50-79 percent of the warrant position, we would not be surprised if the market tightens again before long. The forwards have tightened up in the 3-27 month period but not in the 3-15 month period. The 3-27 months spread is $31.50 per tonne back, having averaged $18 per tonne back in the second half of September.
From the conclusion, think it all means zinc has run hard but the fundamentals remain. Deficit is clear, restarts aren't likely to happen until LME declines much further, and the zinc price still has a way to go - but am not sure
- Forums
- ASX - By Stock
- IBG
- Fastmarkets - Zinc Toda - Technical Analysis
Fastmarkets - Zinc Toda - Technical Analysis, page-2
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.924M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $161 | 40.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 23122250 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 21710501 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 22455584 | 0.003 |
18 | 13586146 | 0.002 |
6 | 8299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 21710501 | 12 |
0.005 | 4155996 | 7 |
0.006 | 4700000 | 1 |
0.007 | 715300 | 3 |
0.008 | 606448 | 3 |
Last trade - 10.04am 19/07/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |