Now the open interest is only 334t. a 118t reduction yesterday. What I do not understand is that if demand is so high why dont the downstream buy more on the futures? Why is there hardly any volume of carbonate available on futures market for them to buy. Could it mean that the volumes traded on this exchange is only smoke and mirrors in order to manipulate the pricer and the closer we come to the delivery date all the open interest gets closed somehow and no physical product needs to get delivered or very little. Because demand is there otherwise PLS would not be confident running a BMX austion. They also stated they have been receiving queries. Why dont those businesses not secure tonnage on the futures exchange for themselves. Guess none is available?
Good News & Bad News, page-40456
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.93 |
Change
-0.160(5.18%) |
Mkt cap ! $8.823B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.08 | $2.91 | $69.76M | 23.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 294361 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 3706 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |