Interestingly, the recent shipment was at a fixed price which contrasted to Fenix Resources’ (ASX:FEX) more complex contracts that are periodically adjusted for among other things, shipping and demurrage charges, and historical iron ore spot price movements that saw realised FOB price drop to US$56/dmt in the December Quarter.
Mind you with shipping costs falling and a rebound in spot prices FEX is set for a much-improved quarter.
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Interestingly, the recent shipment was at a fixed price which...
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