For commodity markets:
I always thought using Sept pricing (+1) really only gives you insight into uncontracted volume being sold into the spot market.
The most active contract (+5) in this case would likely correlate with contracted volumes as buyers are hedging.
At the end of the day, the prices that a seller and buyer agree upon is a combination of the futures market, quality, quantity etc, so will always vary from what's observable.
I'm not a commodities trader, so happy to be corrected.
Iron ore price, page-46692
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Last
$18.88 |
Change
-0.210(1.10%) |
Mkt cap ! $58.13B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.26 | $18.80 | $114.8M | 6.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2485 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.91 | 185 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |