Hi Folks
There have been many posts about the expected shipped Spod price in the coming June quarterly. Many here are expecting $US1000 based on data coming out of China.
Before last March quarterly my expectations was in the $US900's range after the Dec Qtr price of $US1113. I had been influenced upward by spot prices coming out of China just like this one https://hotcopper.com.au/search/search?type=post&users=Bandwagon (posted 20 March) which for 6% spod in the range $US1050-1150.
The Mar Qtrly spod price which came in at $US804 which wasn't even in the same ballpark as data coming out of China.
As per my hand-drawn chart post above my expectations for this coming June Qtly are $US683-724 range.
Lets see how that plays out. DYOR
cheers Lies
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