Hey Convexity...firstly good one trying to share overnight moves..
.HOWEVER....i think you should change/ammend your tables..FMG....there is very little value looking at the ADR's.....and personally i wouldnt highlight the moves.
WHY?....the volume that trades in US ( adr's) is meaningless....last night you say FMG adr's down 2.5%...did you know thats on 9k shares traded? Verse 2.3m traded yesterday on pub,lic hliday..typically 4m+...verse 9k shares on us listed line?....The US adr's dont matter is my point.
Iron Ore price...yep Dalian ( and/or Singapore futures) is the go...BUT....don't use October contract ...its not liquid and immaterial....Oct 24 has 5700 open interest....vs Jan 24 at 723000 open interest...OCTOBER TRADED 4 k contracts y'day vs january trading 480k contracts.for Daian iron Ore... Novemeber , Jan and May are the contracts to watch...as thats where the volume and open interest is.and re ' the Math'...if thats your wording....i'd disagree...for starters not every ADR is 2/1 ratio...and its 'not expected' Aus prices...it kind of is...but also depends on what % spread they typically trade at etc ...but i hear you.Anyway....constructive critisicm ...and good on you for sharing /helping.
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Last
$17.43 |
Change
-0.060(0.34%) |
Mkt cap ! $53.66B |
Open | High | Low | Value | Volume |
$17.56 | $17.84 | $17.21 | $174.0M | 9.955M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $17.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.46 | 25752 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 17.410 |
2 | 2025 | 17.360 |
1 | 1700 | 17.330 |
2 | 1284 | 17.320 |
1 | 1000 | 17.300 |
Price($) | Vol. | No. |
---|---|---|
17.460 | 25752 | 1 |
17.470 | 22913 | 3 |
17.480 | 85663 | 2 |
17.490 | 41866 | 2 |
17.500 | 20329 | 3 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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