We are business as usual currently on track for FY20 guidance of 170 -175 wmt tonnes. Which leaves 81..4 - 86.4 wmt to be shipped this half.
Also note that FMG's Total Delivered Cost was US$29 per dmt last half.
Iron ore price for Q3 FY20 (almost) sorry jumped the gun a little:
January Average 62% FE iron ore price: US$92.85
February Average 62% FE iron ore price: US$86.40
March Average (almost) 62% FE iron ore price: US$88.41Q3FY20 Average 62% FE iron ore price: US$89.39As you can see, the price of 62% FE iron ore has been quite steady over the period too.
Q3 FY20 Median 62% FE iron ore price: U$90.1
I'm not aware of what discount FMG are giving on each iron ore product, so at a 10% discount collectively, FMG's average realised price for the quarter would be US$80.45 and 15% discount collectively would be US$75.98. Aussie dollar also sitting quite low and I don't have to drum on about the implications of that.
Note:
*The above prices are gathered and averaged only from weekdays.
My two cents is that operationally, FMG is running very well and profit margins remain quite high.
Also, stay safe all
DYOR
- Forums
- ASX - By Stock
- Iron ore price
We are business as usual currently on track for FY20 guidance of...
-
-
- There are more pages in this discussion • 33,566 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.33 |
Change
0.360(2.00%) |
Mkt cap ! $56.43B |
Open | High | Low | Value | Volume |
$18.11 | $18.49 | $18.10 | $176.9M | 9.659M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 78 | $18.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.35 | 100000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 78 | 18.310 |
5 | 24198 | 18.300 |
1 | 820 | 18.290 |
1 | 67518 | 18.270 |
9 | 27742 | 18.250 |
Price($) | Vol. | No. |
---|---|---|
18.350 | 100000 | 2 |
18.380 | 2000 | 2 |
18.390 | 11221 | 3 |
18.400 | 4369 | 4 |
18.410 | 10281 | 4 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online