The hedge is not tied to actual IO, it is a bet between FEX and Mac where the 62% IO price will be in the future.
Perhaps when W11 comes on line FEX will increase the hedge tonnage.
Price of Iron Ore, page-1617
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $402.3K | 1.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1561063 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 182689 | 7 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |