FMG 1.86% $19.54 fortescue ltd

Ann: December 2019 Quarterly Production Report, page-8

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  1. 5,833 Posts.
    lightbulb Created with Sketch. 1790
    Totally blown away by the results

    Not only 9% up or 3.9mt shipped year on year but SSF was actually down 1.6mt year on year, its least premium product. 9% more volume and more premium product mix

    C1 costs down 3% as well. Unbelievable

    Realisation of USD76 per tonne will likely put overall HY realisation price around that USD80 Mark

    Of course, now we have more volume shipped than we expected, we may need to re-evaluate HY profit

    What a bumper quarter that was



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