FMG set their June contract price at 30% discount for 56.7% Fe, 25% for 58.3% Fe, 10% for Kings (57.3% Fe) and 31% for Western Fines (58% Fe).
The discount is actually wider than Spot, and I think FMG is looking to "drive" the high cost low Fe suppliers out of the market.
Just my thought, I would do the same if my cost is US$10-20 cheaper than my competitions.
On the surface it may not look good at all, which showed in the SP last couple of days, but it might just prove a good strategy in the long run.
DYOR.
Frank.
Iron ore price, page-1659
-
- There are more pages in this discussion • 53,833 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |