Although there are 2 SMM prices, I think Core bases it sales price on higher spod CIF China price.
If you look at Q1 FY24, they got US$2650/t for SC5.2 when the spot was around US$3000/t, and for the October shipment, GM told a group of investors that they received $1650/t for SC4.5, and the corresponding spot at the time was around $2200/t.
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