Its Mind-blowing price, over AUD$10,000 on a 6% equivalent grade
Also this Price was offered Pre-Auction, the buyer was desperate to secure the 5000k tonnes.
The Auction never took place!
Importantly too - appears PLS on ramping up production will have more regular auctions now possibly couple times a week or less for increased cargos so we can all closely monitor what the actual demand and spot price movements, rather than rely on fictions guesses by so called investment bank research.
Big middle finger to GS
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