Every quarterly report has surprised me with pricing lower than I had expected in 2023. That is even taking into account following lithium prices and having what I believed to reasonable price expectations.
For December I think it will be a shocker though with the lagged pricing in contracts to adjust prices to the time of delivery. This means November and December production willbe priced around the current spot price(below US$1000/t) and October production priced maybe around US$1400/t. Then factoring the grade discount would not surprise me to see the average sales price for PLS SC5.3 below US$1100/t. Just 2 more days to find out how accurate this would be.
At least at some point if the pricing agreements stay the same, then lagged pricing in a rising market will be beneficial. Good luck to everyone holding. Hope you still have nails left to chew on for the next day or so.
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Open | High | Low | Value | Volume |
$3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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4 | 33469 | 3.140 |
6 | 32664 | 3.130 |
4 | 151078 | 3.120 |
2 | 12503 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.170 | 41012 | 4 |
3.180 | 115512 | 10 |
3.190 | 59750 | 18 |
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3.210 | 166631 | 11 |
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