ARI arika resources limited
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Arrium can NOT be compared to AGO, BCI, FMG, MGX etc., page-4

  1. sagaro
    393 Posts.
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    28/08/14
    13:04
    Post #: 13887414
    Can anyone explain why Dalian Prices in Yuan are still way better than the current prices and even Singapore futures?

    The Sep contract 625 Yuan / 6.15 = approx US$102

    What is stopping our miners delivering against future contracts on Dalian? Is it only for internal Chinese producers? That would explain. It has been going down since they said that it will be available to international trades about 1 week ago.

    If that is the case, it has a while to fall to get to the same level as the Singapore futures prices and w should not be surprised.

    The flip side of it is that this internationalization will put pressure on domestic Chinese producers.

    Anyone has a better explanation on why the prices are still way above on Dalian compared to reality?
    ARI Price at posting: 77.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.7¢ 		Change
-0.001(2.63%) 		Mkt cap ! $28.96M
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