The sooner the market's fixation with the Chinese spot price, because of the Chinese monopoly, is a thing of the past, the more stable the market will become. Carbonate in South Korea and Japan is contracting for $US30 to $US35 a kg. Chinese futures were limit up last Thursday and Friday and up around 6 percent today. The spot price cannot fall forever and I think the market is already signalling we are not far from the bottom in terms of the spot price. Market maturity and diversity will bring greater market stability which ALL stakeholders would prefer. This bust/boom/bust price environment is no good for anyone except the investment houses like you know who.
The sooner the market's fixation with the Chinese spot price,...
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $339.6M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.4¢ | 3.2¢ | $666.7K | 20.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 137 | 24096599 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 1219029 | 9 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
0.000 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.4¢ | 3.3¢ | 8846881 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| SYA (ASX) Chart |