A poster on the BCI thread recently questioned me about the $US / $A Iron Ore price on the Dalian Futures Exchange after I indicated that the reading is always high when converted away from Yuan. I have now found the reason for this (this is from a blog today - 10/10/14):
"January Dalian futures rose a little, they are currently selling at $71 US dollar equivalent (remember that you have to remove 17% tax and port charges to get to the real price)."
Hope that clears it up.
Dalian IO Futures
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Last
24.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $706.6M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.5¢ | $35.23K | 143.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 151876 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 65867 | 2 |
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| Last trade - 11.41am 03/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |