What is going on?
On the 6th March 2014 the LME warehouse level of Zinc was 753,700 tonnes and the price was $0.96 lb.
Today the LME level stands at 785,350 tonnes and the price is at $0.89 lb.
Obviously additional stock has been added to the LME during that period?
I only record these levels every few weeks so i have no idea when and how much was added to the LME stock?
Now we know why the zinc price has dropped from $0.96 to todays $0.89.
That could also be why the share price of IBG remains down?
What is going on?On the 6th March 2014 the LME warehouse level...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $14.93K | 4.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 93356160 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 422772 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IBG (ASX) Chart |