No idea. The iron ore will be sold to a Chinese company at the end of the day even if it first goes through a broker or trader that is probably based in Singapore. The Chinese company will pay what the platts index says, they arent about to go above and beyond just because of an unenforceable contract. Dont get me wrong, this is a great company, great future, great commodity to be in at the moment, and I continue to buy. I just dont have any faith in contracts with Chinese steel companies. Once bitten, twice shy.
Ann: Fenix Enters 12-Month Hedging Arrangements, page-40
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 26.0¢ | $499.4K | 1.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 2102866 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 174750 | 6 |
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| FEX (ASX) Chart |