Spod News1. The Shanghai Metals Market (SMM website we usually see) reports spod up another $30 to $US5350 /t 6% CIF2. Todays Min Resources 1/4 report advised spod average price @ $US 4,187 /t, BUT, they let the "cat out of the bag' and advised their spod contract price formula:- 95% of the average monthly price for the 3 month trailing set of tbree indices (Fastmarkets, Asian Metals and Benchmark Minerals) and rebased every 6 months.3. I think can get Fastmarkets, can anyone get into Asian Markets (subscriber only), Benchmark want $10k for access - so pass. Nice to calibrate SMM say against Asian Metals? Hopefully getting closer to cracking the Core formula.
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Spod News1. The Shanghai Metals Market (SMM website we usually...
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Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
110 | 6252092 | 11.0¢ |
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Price($) | Vol. | No. |
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11.5¢ | 695532 | 1 |
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108 | 6148461 | 0.110 |
63 | 5154165 | 0.105 |
124 | 9212128 | 0.100 |
12 | 535155 | 0.099 |
16 | 761902 | 0.098 |
Price($) | Vol. | No. |
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0.115 | 695532 | 1 |
0.120 | 1962872 | 25 |
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0.135 | 2008820 | 34 |
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