His source is 2nd month SGX futures which is a fair enough contract to use for the general movement in iron ore, although I do not believe it is representative on the price iron ore miners receive as it is not a physically settled contract. Been cash settled, I don't believe it includes VAT amongst other things - I am still looking into this.
Your link doesn't work for CommSec's price, what is it today? This is something else I also want to get to the bottom of. CommSec may use a time series from a data source that has a constant 1 month maturity, so might be a bit of front month SGX and a bit of 2nd month SGX which just isn't right, but may explain why CommSec is consistently higher.
His source is 2nd month SGX futures which is a fair enough...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |