Exactly correct imo. Less product available globally when customer stock-piles are very low with global demand rapidly increasing means customers must pay the asking price rather than expecting producers to keep supplying JIT stocks cheaply. Makes perfect sense and the oil companies have been doing it for years.
Good News & Bad News, page-38196
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Last
$3.25 |
Change
-0.075(2.26%) |
Mkt cap ! $9.781B | |||
| Open | High | Low | Value | Volume |
| $3.26 | $3.32 | $3.24 | $62.43M | 19.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 106 | 402089 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.25 | 354804 | 104 |
View Market Depth
| Last trade - 15.22pm 14/06/2024 (20 minute delay) ? |
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Last
$3.25 |
Change
-0.075 ( 2.25 %) |
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| Open | High | Low | Volume | ||
| $3.27 | $3.32 | $3.24 | 19319867 | ||
| Last updated 15.39pm 14/06/2024 ? | |||||
| PLS (ASX) Chart |