ASX on Watch as Inflation Test Looms After Volatile Week

CSBP, the chemicals and fertiliser division of Wesfarmers, told customers to brace for possible delays in shipments of ammonium phosphate fertilisers and urea, citing the ongoing Iran war’s impact on Persian Gulf supply routes. The company is “urgently” reviewing stock levels and looking into other sourcing options. Some imports are being put on hold, CSBP confirmed.

Wesfarmers Ltd ended Tuesday’s session at A$87.28, up 1.23%. Shares moved in a range from A$85.81 to as high as A$87.44 before settling A$1.06 higher than the previous close.

Wesfarmers closed Tuesday’s trading up 0.55%, settling at A$83.93. During the session, the share price fluctuated between A$83.65 and A$85.09. It ended the day higher than Monday’s close of A$83.47.

Wesfarmers Ltd shares climbed 2.34%, closing at A$84.74 on Tuesday. The jump outpaced the broader Australian market as investors came back from the long weekend and adjusted positions ahead of crucial inflation figures.