Certainly under normal operating conditions these prices are not justified. However these are not normal circumstances. Russia is the largest exporter of energy including coal gas and oil. By isolating Russia from Swift transaction many countries like Korea, Japan, Taiwan and European countries are forced to stop transaction. It is uncertain how long this isolation can be afforded by both countries.
USA Australia and Middle East countries are clear winner in this dispute. Australian currency has already breached 74 and May cross 80 cents soon which will be negative for resource sector. However this exchange rate is immaterial with such elevated prices.
It appears that this rise in commodity prices will continue till some resolution is achieved in this conflict. Will USA will allow this conflict to be resolved soon is another factor.
Certainly under normal operating conditions these prices are not...
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Last
$7.14 |
Change
-0.110(1.52%) |
Mkt cap ! $5.973B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.20 | $7.06 | $41.73M | 5.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 16341 | 6 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |