How did you arrive at price above?
June swaps ~$58, Q3 swaps ~$55.75
$58 x 1.17 (VAT 17%) x 6.21 (FX) + RMB 20 (port fee) = RMB 441
$55.75 = RMB 425
Looks like June DCE is trading at significant premium to seaborne, albeit with little to no volume. The liquid product 1509 is more or less in line with Q3 prices, perhaps at a small premium.
May is expiring and is irrelevant. It popped 2% on 15kt volume - no conclusions to be drawn there.
Iron Ore Price, page-3399
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.10B | |||
| Open | High | Low | Value | Volume |
| $20.33 | $20.39 | $20.01 | $57.57M | 2.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4916 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.35 | 397 | 3 |
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| Last trade - 12.10pm 03/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |