A poster on the BCI thread recently questioned me about the $US / $A Iron Ore price on the Dalian Futures Exchange after I indicated that the reading is always high when converted away from Yuan. I have now found the reason for this (this is from a blog today - 10/10/14):
"January Dalian futures rose a little, they are currently selling at $71 US dollar equivalent (remember that you have to remove 17% tax and port charges to get to the real price)."
Hope that clears it up.
Dalian IO Futures
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.0¢ | $91.11K | 354.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 200997 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 185944 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |