We'll know soon enough! I suspect that the shorts covering have a lot to do with the price rise. I have been watching lead & zinc closely for a while and noticed that if the gap between lead & zinc get to within $300, then buy zinc for a rapid movement to increase the gap by $500-$600. The below screenshot shows the LME cash price is actually US$90 below spot. The 3mth contract is $2145.50, also below spot.
We'll know soon enough! I suspect that the shorts covering have...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $18.34M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $88.21K | 837.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 139085 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 117991 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.0¢ | 499994 | ||
| Last updated 15.53pm 10/05/2024 ? | |||||
| BML (ASX) Chart |