It is correct that Anthony stated the expectation on the 2018 pricing will follow a similar historical improvement as we have seen previously. He refrained from providing any figures as they are still in discussion.
2016 contract was US $600/T
2017 contract is US $845/T
That is an uplift of 40% from 2016 to 2017.
Based on his comments, we could see a figure of US $1,180/T, if the uplift is 40% again.
Also to note, the 2017 commitment was 120KT of product. They are looking at 180-200KT commitment next year, plus some for the spot market, plus some by tolling to increase profits even further.
As a side note, Anthony, Alan and Brian are absolute weapons. So glad they're heading GXY.
M92
It is correct that Anthony stated the expectation on the 2018...
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