Baltic Dry increased 848 index points or 66.15% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008 and a record low of 290 in February of 2016.
.............................................................................................................................................................................................................................
Summary:
Bloom Lake ore currently fetching US$130/t CFR China (approx)
All-in sustaining costs FOB Sept-Iles US$42/t
Freight cost Sept-Iles to China/Japan now US$38/t approx (US$28.50 current C3 rate - Brazil to China)
Total costs US$80/t
Gross profit US$50/t
Iron Ore price high but CIA costs also high
CIA yet to pay Canadian corporate taxes due to first year loss due to mine start-up
Net profit & EPS will be better than last quarter but not stellar (my opinion only).
.
Ocean freight eating profits
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CIA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.40 |
Change
-0.110(1.69%) |
Mkt cap ! $3.315B | |||
| Open | High | Low | Value | Volume |
| $6.50 | $6.54 | $6.38 | $6.570M | 1.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9059 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.41 | 15888 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CIA (ASX) Chart |