JL latest podcast with Peter Hannah of Benchmarks is worth a listen as they discuss this topic.
He talks about contracts being renegotiated mid contract and most contracts being re negotiated based on spot or at most a few percentage points below spot. Spot being calculated in arrears (3months). So I am more optimistic ( that CXO sale price will be close to spot) based on views of people that are speaking with the supply and demand side daily.
my 2 cents only
Banter and general comments, page-11395
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Last
9.0¢ |
Change
0.004(4.65%) |
Mkt cap ! $192.3M | |||
| Open | High | Low | Value | Volume |
| 8.4¢ | 9.0¢ | 8.2¢ | $2.269M | 26.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 56007 | 8.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 1130477 | 35 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |