The market is lumping coking coal and iron ore together as both are ingredients for steel making but very different. - Iron ore is being hit by oversupply problems - large stockpiles and future mines coming on stream - Coking coal does not have these issues - it is getting increasingly harder to start new mines - It will take the market a while to figure this out but yes this is a good buying opportunity
The market is lumping coking coal and iron ore together as both...
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Last
$7.82 |
Change
0.150(1.96%) |
Mkt cap ! $6.542B | |||
| Open | High | Low | Value | Volume |
| $7.68 | $7.86 | $7.66 | $22.94M | 2.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12250 | $7.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.83 | 15469 | 4 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$7.83 |
Change
0.150 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| $7.73 | $7.86 | $7.65 | 644606 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| WHC (ASX) Chart |