Oversupply is a Myth.
Has anyone heard of any shipments of Iron ore from Rio, Bhp , Fmg , Vale , Ago or any other company for that matter not being accepted and stocks at ports are not rising.
Everything coming out of the ground is still being sold that does not equal oversupply.
It's all perception in the market of what may happen not what is happening.
Why is the price of copper falling ? perception ?
All the copper coming out of the ground is being sold.
And stocks are falling.
http://www.*****net.com/charts/metals/base/lme-warehouse-copper-60d.gif
Oversupply is a Myth. Has anyone heard of any shipments of Iron...
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Last
$43.40 |
Change
0.410(0.95%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $43.52 | $44.03 | $43.40 | $362.0M | 8.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14238 | $43.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.44 | 25000 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |