So why are fmg still accepting a 40% discount.
They're not ... the discount declared in the June Quarterly Report (see extract below) was lower than 40% and I believe this has reduced even further ?...
The average contractual price realisation for contracts entered into during the June quarter increased to 63 per cent of the Platts 62 CFR Index which averaged US$65 per dry metric tonne (dmt) during the quarter.
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