The announcement on signing a new contract (I know it is conversion of LOI to a customer contract) used the words,
"The contract price shall be referenced to market prices and based on CPT port of delivery for the product at the time of delivery."
Interesting change of wording. From memory the earlier contracts referred to FOB plus transportation I believe.
Do we expect that China is going to be the net importer shortly?
interesting wording
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| LYC (ASX) Chart |