So my understanding is that NHC sales to Japan will be linked to the JFY price until March 2022. I'm still not sure if that means the NHC price is locked in at US$109.9, or the JFY price is just an index to which the actual NHC price to Japanese customers is linked?
NHC have circa 40% of product to Japan, so id assume the vast majority of the remaining 60% is based on the spot gc NEWC (6000) price.
That said, i have also read that Korean sales (and some other Asian countries) are linked to long term annual contracts, much like Japan. Korea represents about 10% of NHC sales.
NHC Price at posting:
$1.97 Sentiment: Buy Disclosure: Held
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