A few charts to show how strong the Zinc and Cobalt pricing is in "trend" terms. While we do get consolidations after big runs, the key is to remember where the commodity is in the "cycle", how it has performed. what the likely demand/supply equation looks like and whether the price is in a "trend".
Also, from a previous poster:
Last week, analysts at Macquarie came out with some positive commentary regarding ‘sharp inventory outflows, mostly from Guangdong (China) warehouses’.
The broker is forecasting a zinc price of US$3100 per tonne by the fourth quarter of 2017 and it expects this level to be maintained in calendar year 2018. This compares with current levels in the vicinity of US$2600 per tonne
Big Picture.
Zinc and Cobalt prices. the TREND is UP
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MCT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.972M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $7.6K | 3.8M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 30220160 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 55801267 | 65 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| MCT (ASX) Chart |