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
$19.17 |
Change
-0.020(0.10%) |
Mkt cap ! $59.02B | |||
| Open | High | Low | Value | Volume |
| $19.22 | $19.41 | $19.13 | $134.6M | 6.997M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 52 | $19.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.20 | 1239 | 2 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |