Ann: FY22 Half Year Results Presentation, page-50

I think the point made by the analyt on the call was that prices being reported currently are already at 60k (~50k for weighted average price).

Ake confirmed pricing of 45k/t at the upper end of their pricing range. That is now not 2 or however many months from now. So lag aside, why forecast 2h prices at 25k if the upper end of your price range is already at 45k/t.

The qestion was why is there such a price disconnect vs the market movement, I don't think it is a difficult question to answer.

If it is product quality related, discounts offered to retain valuable long term customers, etc etc then say it...

With respect to your comment on prices being locked in ahead of shipment, others have introduced a provisional pricing mechanism which takes care of that. It isn't a foreign concept, it is done for various commodities so no reason it cannot be adopted here.

But again it is a fairly simple question and one the company should be able to answer openly. I believe so anyway.

Aimo