When will the cash change hands for the sale? The spod isn't contracted to ship until December.
The result seems to show that a buyer is willing to pay $1,200/t on an SC6 basis now to hedge against the chance that pricing could be higher by December.
Only a small volume, which leaves the question - what was the motivation for PLS. Are they testing the market? Just trying to squeeze a bit more margin on uncontracted product? Preparing for a new market / pricing structure outside of China spot market?
Ann: Pre-auction Sale, page-23
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Last
$2.68 |
Change
-0.110(3.94%) |
Mkt cap ! $8.085B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.76 | $2.64 | $79.78M | 29.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 90 | 175567 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 481185 | 107 |
View Market Depth
| Last trade - 14.50pm 16/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |