Do you know if auction terms were CIF China (or wherever buyer is) or ex.-works basis (like Albermarle's auction)?
Spot price US$1,045 is CIF China so includes freight to destination.
Point being to compare like for like, need to add freight to $1,200 to compare to $1,045 spot price.
Do you know if auction terms were CIF China (or wherever buyer...
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