That is correct... Future prices are simply a "bet" on future prices .. !
That is the reason the fake prices continuously provided by Con is never came true ! FMG always traded a substantial discount to whatever Con says !!
What I give above is a "SPOT Price" so it is what the price actually was on market as of yesterday ! Today's price will come out later in a day.
What CON gives you is future contract prices so not guaranteed to be executed at that price as people can sell & buy contract like any other stock on market.
To make things worst CON Provide Fe62 which is standard index normally people uses but if you really wanted to use that then use the discount guide that is published on metal.com
this quarterly if FMG publishes quarterly average price they receive then you will workout whether CON's prices are more closer to FMG or spot price that i give daily ! i know the answer but you better find out in 2 days time !
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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 |