Strong buying late in the day, and restocking still ahead of us.
I also like the fact that the September contract is only 5% lower than the May contract. Even the January contract is only about a 10% discount. Shows that traders (admittedly on low volume) are betting on high prices for a while. In USD terms that would see prices above $72-74 for that whole period.
If discounts stay circa 20% the fcf will be substantial (I know none of this is new news!)
Strong buying late in the day, and restocking still ahead of...
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Last
$21.76 |
Change
0.350(1.63%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.49 | $21.76 | $21.32 | $97.85M | 4.532M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1380 | $21.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.77 | 28571 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |