Strange limitation of Z value of contour plot

I’m generating a figure using contourplot for my paper. The code is like this:

ContourPlot[(x*y)/(240*10^-6+0.01x*((y-240*10^-6))), {x, 0, 50}, {y, 7/10^10, 4.5/
  10^6}, ScalingFunctions -> {"Log", "Log", None}, Contours -> 100, 
 ContourStyle -> 
  Directive[GrayLevel[0], Opacity[0], AbsoluteThickness[0.005]], 
 ColorFunctionScaling -> True, 
 ColorFunction -> ColorData[{"ThermometerColors", {0, 1}}], 
 PlotLegends -> Automatic]

The contour it generated seems to have a strange upper limit due to the log scale of the figure. Because if I plot it with both X and Y axis being normal scale, it seems to be OK in terms of the upper limit.
Normal scale plot:

ContourPlot[(x*y)/(
 240*10^-6 + ((y - 240*10^-6)*0.01*x)), {x, 0, 50}, {y, 7/10^10, 4.5/
  10^6}, ScalingFunctions -> {None, None}, Contours -> 100, 
 ContourStyle -> 
  Directive[GrayLevel[0], Opacity[0], AbsoluteThickness[0.005]], 
 ColorFunctionScaling -> True, 
 ColorFunction -> ColorData[{"ThermometerColors", {0, 1}}], 
 PlotLegends -> Automatic]

You can see if I use log scale the upper limit is about 0.018. But in the normal scale, the upper limit is 1.7.

What could be the problem? I’d like to use the Log scale for spreading up the values, can anyone help me to solve this issue to make the Z value for log scale figures also go to about 1.7?

Thank you so much!

ContourPlot[(x*y)/(240*10^-6 + 0.01 x*((y - 240*10^-6))), 
   {x, 0, 50}, {y, 7/10^10, 4.5/10^6}, 
 ScalingFunctions -> {"Log", "Log", None}, Contours -> 100, 
 ContourStyle -> Directive[GrayLevel[0], Opacity[0], AbsoluteThickness[0.005]], 
 ColorFunction -> "ThermometerColors", 
 PlotLegends -> Automatic, 
 PlotRange -> All]