Loading ...I now have both Spot and Apr next to each other, current Apr premium is $ 20, on spot at 1612.00
Prem has been as wide as $ 40 o/n…….
no idea why, except that the delivery problem is in NY, it is not an EFP, as u only deliver phys loco london in an EFP, the crimex Fut side settles on last delivery/final settle, either by phys, very rare or by a closed out futures, ie the opposite trade…..so any delivery problems should be in London at this stage…..
I may be wrong, but don’t think so….summat big is up.