Agree also re stabilisation - setting a price - I think...

Agree also re stabilisation -

setting a price - I think historical pricing would need to be taken into consideration, as know one can confidently forecast the cost inputs in supply channel. E.g/. Will diesel come down and if so to what price, will shipping stay at current rate , reduce or increase.

so taking a historic price average maybe the way to look at it?

so with 62% platts over last 1-3 years approximately averaging around the $100-$130 mark - ( some one with more detailed historical data would supply this more accurately than my educated guess).

or is there other more efficient ways of establishing a stabilising price we’re all market participants benefit not just the procurement side.

would be interesting to propose how FMG see this working out .

I might send them an email and see what how they respond.

regards

Knowlesm