CCC continental coal limited

what determines the price?, page-6

  1. 1,137 Posts.
    Nut I have explained this before on HC

    It's basically a buy/sell of to a common price.

    Eg:

    Buys sells


    10 @ 10 10 @ 10
    10 @ 9 10 @ 9
    10 @ 8 10 @ 8
    10 @ 7 15 @ 7
    10 @ 6

    At open 40 sellers and 40 buyers will settle at 7 cents as the match price was 7 cents.

    Then you will still have 10 buyers at 6 and 5 sellers at 7.

    Hope that clears it up for you

    Cheers Forro
 
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