Description
The Futures Settlement Price (Main) for Wire Rod is published by various commodity exchanges. This indicator is used to gauge the final settlement price of wire rod futures contracts, which is crucial for traders and investors to understand market trends, price volatility, and future price expectations. A higher settlement price indicates increased demand or reduced supply, whereas a lower price suggests decreased demand or increased supply.
The settlement price is calculated based on the closing prices of wire rod futures contracts on the exchange. It typically involves averaging the prices over a specific period or using the last traded price before the market closes.
The data is updated daily at the end of the trading session, reflecting the settlement price for that day's trading.