Reports of lock downs in China being moderated is why the huge up swing...IMO this will just mean more demand for iron ore and coal once China opens back up completely...i am hoping as well that it will mean that supply chain issues reduce which means inflation should reduce too and interest rates won't have to go as high which will give the share market as whole a huge boost! I think even though the chinese government can put a cap on their coal prices the rest of the world still won't be able to too and once the rest of the world trades ever more with China that in turn will increase demand for electricity consumption and therefore coal prices...all just my thoughts anyway.
https://www.cnbc.com/2022/11/04/asia-markets-currency-stocks-markets-us-jobs-report.html
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1 | 1500 | 7.600 |
1 | 1000 | 7.590 |
1 | 2000 | 7.580 |
4 | 35667 | 7.570 |
Price($) | Vol. | No. |
---|---|---|
7.620 | 12215 | 2 |
7.630 | 12288 | 1 |
7.640 | 21258 | 5 |
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