Good summary Kut. I think that fundamentals as with any market will win out. The lower Ni price goes the less profitable NPI producers are (in fact I read somewhere that most if not all Chinese NPI producers are making losses below US$13K/T - it is now below this figure) the quicker it will recover given it will put the breaks on supply i.e. NPI supply (thus eventually affecting LME stock levels as producers will start using the higher grade that is in LME warehouses).
The recent fall in Ni price is the big hedgies cutting losses (maybe book in some losses for the financial year). Indo's ban still hasn't touched the market as the cheap alternate from Phillipines plugged the hole somewhat. But this was only ever going to be temporary. No one knows when Ni will rebound but I have no doubt it will soon (maybe just hope)
- Forums
- ASX - By Stock
- Looking base metals rebound
Good summary Kut. I think that fundamentals as with any market...
-
- There are more pages in this discussion • 5 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 POS (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $16.72M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $31.24K | 9.909M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
97 | 57933913 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 47469825 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
97 | 57933913 | 0.003 |
30 | 39162553 | 0.002 |
22 | 39292753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 47469825 | 29 |
0.005 | 37530896 | 21 |
0.006 | 8998000 | 12 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |