BHP 0.85% $44.39 bhp group limited

no demand driving prices down

  1. 11,659 Posts.
    lightbulb Created with Sketch. 545
    The producer price index is what producers are paying for raw materials in the US. Last night the PPI showed a dramatic fall meaning - no demand for raw materials. That's possibly the reason why the metals and mining index (including BHP) has gone a bit limp.

    On Thursday night unemployment and the Philadelphia Fed Survey is released. If these figures indicate a worsening economy we could be in for a significant correction.

    So I'm remaining on the sideline for now.



 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
(20min delay)
Last
$44.39
Change
-0.380(0.85%)
Mkt cap ! $225.1B
Open High Low Value Volume
$44.52 $44.68 $44.21 $228.3M 5.147M

Buyers (Bids)

No. Vol. Price($)
1 93 $44.38
 

Sellers (Offers)

Price($) Vol. No.
$44.40 13049 4
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
BHP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.