IMO speculators have leverage the demand disparity between H1 and H2 and it has unfortunately run out of control, hard evidence last week with the State moving strongly to lift domestic supply 27%.
Can you remember as far back as 2018? H1 the State lifted quotas aggressively to damp down price speculation that had run from the previous period but actually killed demand as manufacturers will not purchase inventory in a falling mkt, to the point they had to cut H2 quotas fairly hard to stabilise the mkt.
Hopefully 2021 demand will be stronger, impacted less, and recover quicker but surely you don't believe today's 8.75% jump in NdO is demand driven, 'normal' or the slightest bit healthy for downstream buyers???
Exactly what "type of sp depreciation" do you think I'm talking about?
Strong, page-61
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Last
$7.78 |
Change
0.180(2.37%) |
Mkt cap ! $7.272B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.92 | $7.41 | $46.84M | 6.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $7.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.81 | 77676 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |