As I understand it (and I'm not a day trader etc), they're "Futures Market Prices"
Futures markets are exchanges where standardized contracts, called futures contracts, are traded. These contracts obligate the buyer to purchase or the seller to sell a specific commodity or financial instrument at a predetermined price on a future date. Futures markets allow participants to hedge against price fluctuations, speculate on market movements, and discover prices for future delivery.
So they're essientially bets into the future of what the price is likely to be. Which means neither *have to* have any relation to each other...
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Last
$18.19 |
Change
0.110(0.61%) |
Mkt cap ! $56.00B | |||
| Open | High | Low | Value | Volume |
| $18.06 | $18.31 | $18.05 | $120.9M | 6.653M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 884 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.20 | 3972 | 1 |
View Market Depth
| Last trade - 16.18pm 30/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |