Moorok I looked a few times at some futures contracts that...

Moorok I looked a few times at some futures contracts that already exist . There is stuff all volume . I note others posts that the current fut's follow some form of spot price but they follow not lead as they can't lead as there is no volume .

So what would be the point in a local futures contract ? The only takers are generally Chinese ? The locals or scalpers wouldn't play and provide liquidity as there is no liquidity and don't want to be left holding a mega tonne of iron ore in their beach house .lol

cheers g