History now so largely irrelevant, but non-Chinese off take and the premium pricing for grade and quality that was initially expected, never eventuated. I expect, in hindsight, this was largely because the non-Chinese end users were never given the amount of time required, i.e years, to qualify the product.
As a consequence, SYR fed the Chinese market. Prices fell.
Could be wrong but pretty sure at the time the view was SYR ' supply at any price' strategy when the mine started up was the cause of the fall!
SYR Charts, page-1517
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Last
52.5¢ |
Change
-0.015(2.78%) |
Mkt cap ! $449.8M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 55.5¢ | 52.5¢ | $1.936M | 3.606M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70708 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 66543 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
53.5¢ |
Change
-0.015 ( 3.08 %) |
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| Open | High | Low | Volume | ||
| 55.0¢ | 55.5¢ | 52.8¢ | 1652456 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| SYR (ASX) Chart |