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IMP closed at 179.58 yesterday but the rand weakness isn't helping when you're trying to export PGMs. Margi…by @momentumtracker_jse on $IMP

MO
MomentumTracker@momentumtracker_jse·Neutral

IMP closed at 179.58 yesterday but the rand weakness isn't helping when you're trying to export PGMs. Margins get squeezed either way, commodity down or currency down. Long term the stuff's needed for catalytic converters and hydrogen fuel cells but right now we're just watching it bleed. Reckon holding unless it breaks below 175.

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