CoFIF trading stays red hot despite of the continuous decline in the FE-NEUR
spot rates. Prices for all 5 CoFIF contracts were down 5-7% WoW but the CoFIF
were still trading at 20-40% premium to the spot.
Trading volume made new high on Friday with close to 500,000 contracts changed
hands despite the exchange doubled the transaction fees on Thursday. It is the
second time in less than 2 months that the INE has increased the transaction
fees. The turnover-to-OI ratio now stayed high at 5x as th