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3.13%

3.1¢ centrex limited

I just can't see how the extra cost of shipping for the world's...

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fnbig1

753 Posts.

249

11/01/24

16:21

Post #: 71835505
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Originally posted by okavongo ↑

It's not a story about one ship. Or about pirates. It's about Houtis rebels (because of Israel / Gaza) and, for now, the difficult and dangerous passage in Gulf of Aden. Many ships choose to take a longer way (South Africa). Transportation costs are higher and take more time. Are asian customers paying less their Morocco phosphate to compensate transportation costs (and so get the same total price) ? I don't know. But seems possible. And could have an impact on pink sheet prices. LD99 think it's a Marocco price manipulation. I don't know. If I have to make a bet, I prefer the ship route explanation than manipulation. But no certainty.

With situation in Gulf of Aden is Centrex localisation an advantage for Asian markets ? Yes for sure. Does this advantage mean a better price than Morocco rock phosphate. I don't know. I hope so

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I just can't see how the extra cost of shipping for the world's number 1 supplier of phosphate is going to make phosphate prices go down in the long term.

Maybe they are offering a discount to customers as you say, but I can't see this being a long term viable solution.

Further restricting supply and increasing the cost of delivery will mean that phosphate prices will have to go up.

GLTA!

CXM Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.1¢		Change -0.001(3.13%)		Mkt cap ! $26.85M

Open	High	Low	Value	Volume
3.2¢	3.4¢	3.1¢	$25.54K	811.8K

Buyers (Bids)

No.	Vol.	Price($)
2	59483	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	50234	1

View Market Depth

No.	Vol.	Price($)
2	59483	0.031
5	738421	0.030
1	110000	0.029
2	440595	0.028
1	134000	0.026

Price($)	Vol.	No.
0.032	50234	1
0.034	130000	1
0.035	3000	1
0.036	290000	1
0.040	356689	4

Last trade - 14.50pm 01/11/2024 (20 minute delay)

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