Franky boy,so in Singapore people are getting nearly $6 discount just by delaying the delivery to August? Do you know what is arbitrage? People actually trading are like hawks trying to spot opportunity to make risk free money. You should read how the DSP and FSP are determined on Future exchanges and how they are related to the spot price. In my analysis I compare August figures for one commodity with August for the other, apples with apples.
It is true that I don't know at what price FMG is selling their ore today and really I am not interested in this figure. For me DCE and SGX figures are of importance for the immediate future, they tell me what speculators, hedgers, miners, steel producers and so on think about future prices and I value their vision and base my trading on that information. I don't dream about future based on $13 SP and $12o/dmt IO price. Scrap steel usage and Vale high quality ore are major factors.
fmg and fe, page-1509
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Last
$18.87 |
Change
0.590(3.23%) |
Mkt cap ! $58.10B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.90 | $18.44 | $375.1M | 19.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $18.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.88 | 3586 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |