a story to feed the bulls for WHC.
China's own goal on Australian coal ban gives traders a massive free kick (smh.com.au)
for those who dont subscribe to SMH the story in summary is that by banning australia's high quality thermal coal during a cold winter, china has increased the cost to domestic users and caused power shortages but does not admit it. it also makes comment that as Glecore is a value supplier not a volume supplier, it can make use of higher global market pricing and supply china from other countries other than australia.
As WHC sells only small amount to china, it should benefit by this market disruption.
The next production report may be a big upward boost to share price.
a story to feed the bulls for WHC. China's own goal on...
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Last
$8.97 |
Change
0.030(0.34%) |
Mkt cap ! $7.504B | |||
| Open | High | Low | Value | Volume |
| $8.90 | $9.00 | $8.87 | $32.72M | 3.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7424 | $8.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.98 | 38344 | 7 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |