Last week's allocation announcements saw a small increase in Goulburn Water, with a 1% rise being the only change across the Lower Murray Darling Basin. It would appear, given the lack of any significant rain, there is little likelihood of further increases this water year.
Prices seem to be stagnant around $285-295 on thin volumes. There is good support in the market for water in the range of $250-260. The Greeneye Visual Trader is tracking prices down from the latest levels and it would suggest water prices will be in the range of $265-275 over the next week or 2.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment