"so in Singapore people are getting nearly $6 discount just by delaying the delivery to August?"
Yes, that's why it's called "future market" price, and as time gets closer to "August the day" it get exercised it will be closer to "spot" price. Obvious you have no idea how "future market" works so I'll leave it at that.
Everyone knows "future" prices changes everyday, by August, the price could be US$70/60/50/40 and use this as the current SPOT price?? Insane.
DYOR.
Frank.
fmg and fe, page-1511
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