There is a simple explanation. SHFE prices always include VAT which at the moment is 13%.
As an aside, which FX you use to convert to US$ also matters. At the moment onshore RMB fixing is around 7.13 vs 7.28 traded offshore. The onshore rate is probably the relevant one for doing business in China (my guess).
4Q2024 Valuation, page-56
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
44.0¢ |
Change
0.015(3.53%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 44.8¢ | 42.0¢ | $780.3K | 1.797M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 146300 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 134971 | 14 |
View Market Depth
| Last trade - 13.05pm 23/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |