Every quarterly report has surprised me with pricing lower than I had expected in 2023. That is even taking into account following lithium prices and having what I believed to reasonable price expectations.
For December I think it will be a shocker though with the lagged pricing in contracts to adjust prices to the time of delivery. This means November and December production willbe priced around the current spot price(below US$1000/t) and October production priced maybe around US$1400/t. Then factoring the grade discount would not surprise me to see the average sales price for PLS SC5.3 below US$1100/t. Just 2 more days to find out how accurate this would be.
At least at some point if the pricing agreements stay the same, then lagged pricing in a rising market will be beneficial. Good luck to everyone holding. Hope you still have nails left to chew on for the next day or so.
Good News & Bad News, page-37917
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |