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
JL latest podcast with Peter Hannah of Benchmarks is worth a...
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |