a strong A$ reduces the revenue for BHP and all exporters.
Commodities prices are fixed and negotiated in US$. A fall in US$ can see the miners negotiate higher prices and also the prices may rise slightly to be in equilibrium with prices in the Asian markets.
Prices of commodities depend on Demand and Supply.
Demand from China, India is dependent on the economic growth of US. Lower growth means lower demand and lower commodities. news from US will affect short term commodities prices,
Supply is constrained by delays in production eg Ravenstope which is turning out to be the new Magma for BHP- cost overruns seems to indicate poor management control. Hence BHP price is suffering from caution from investors.
copper price is flat as it is being substituted;zinc price is up to due to a shortage in supply.
BHP is trading up in NY ~ $26.50
short here, page-14
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 802 | $41.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.25 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |