So we can now confirm that lithium share prices are being influenced by the spot and futures pricing in China.
The good news is AUS SC6% continues to increase, up another $10 today, which is still below what it should be based on the Carbonate spot price.
Also the variance continues between the inferior grade Chinese SC5-5.5% and AUS SC6% and at the moment it is at $48 which is a pretty large variance.
It doesn't make sense to be buying lower grade at a higher price, however my explanation for this is that the local inferior spod is in greater demand as there is a time value being applied. It really highlights that there is a major supply shortage of local Chinese product due to mine shut downs and environmental issues hence buyers having to pay more for a reducing local supply. If this continues then AUS SC%6 and Carbonate will definitely push up in price as well..
So we can now confirm that lithium share prices are being...
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Last
$1.34 |
Change
-0.005(0.37%) |
Mkt cap ! $254.6M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.30 | $603.8K | 456.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7477 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 6279 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.34 |
Change
-0.005 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.30 | 105770 | ||
| Last updated 15.57pm 26/04/2024 ? | |||||
| WR1 (ASX) Chart |