Think backwardation is when forwards trade below spot, suggesting that demand for spot is greater than for future delivery. That’s what is happening now. Not sure how to square that with falling spot price though. Only explanation that makes sense to me is that current demand is weak and future demand is priced to be even weaker.
$?Bill in a ? Life mine, page-18829
Add HCH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
78.5¢ |
Change
-0.025(3.09%) |
Mkt cap ! $118.8M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 77.5¢ | $129.3K | 163.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3164 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 9079 | 4 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |