Hi Palm Frond,
Sea freight has already come off & now at US$24.76/t Brazil to China. It's as volatile as the iron ore price as both are linked!
I've done some further research including referring to the 2017 feasibility study for CIA.
During the last 5 years the Capesize rate (C3 rate) ex Brazil to China has averaged at 20% of the IODEX62% Fe iron ore price.
In other words, when 62% Fe average is US$100/t then C3 shipping rate is US$20/t. In early 2019 (just before Brazil dam collapse) the 62% Fe was at US$75/t & the Brazil to China C3 rate was US$15/t.
I can post various charts & historical records to prove this should anyone be interested.
If we use an assumed iron ore price of US$80/t in 2024 (Fosters report) then shipping Brazil to China will likely be US$16/t.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
Hi Palm Frond,Sea freight has already come off & now at...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GEN (ASX) to my watchlist
|
|||||
Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $85.65M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $31.88K | 255.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 241 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 184692 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 241 | 0.115 |
5 | 205400 | 0.110 |
4 | 303383 | 0.105 |
8 | 426324 | 0.100 |
1 | 25000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 184692 | 3 |
0.140 | 41000 | 1 |
0.145 | 50010 | 4 |
0.150 | 311399 | 4 |
0.155 | 50000 | 1 |
Last trade - 15.12pm 30/07/2024 (20 minute delay) ? |
Featured News
GEN (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online