Futures contracts have a reduced price further out. Implies relative present shortage that is expected to resolve as more supply comes on line. Futures typically rise in price as move further out as have cost of storing and insuring commodity until deliver at future date.
wow tins in backwardation, page-5
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Last
45.0¢ |
Change
0.010(2.27%) |
Mkt cap ! $403.4M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.0¢ | $436.6K | 987.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 145 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 168718 | 6 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |