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.
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Think backwardation is when forwards trade below spot,...
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Last
83.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $126.4M |
Open | High | Low | Value | Volume |
83.5¢ | 83.5¢ | 83.5¢ | $575 | 689 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 676 | 83.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.0¢ | 12811 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 676 | 0.835 |
3 | 71822 | 0.830 |
3 | 2755 | 0.820 |
3 | 14375 | 0.805 |
4 | 4950 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.860 | 12811 | 1 |
0.880 | 10000 | 1 |
0.890 | 20100 | 2 |
0.895 | 335 | 1 |
0.900 | 5463 | 2 |
Last trade - 10.04am 23/08/2024 (20 minute delay) ? |
HCH (ASX) Chart |
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