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.
A poster on the BCI thread recently questioned me about the $US...
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22.5¢ |
Change
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Mkt cap ! $648.9M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 156783 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 1518 | 1 |
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