Not quite sure what your getting at with this Needle - can you elaborate???
CBH current supply arrangements are with ZFX but future offtake agreement already in place with Toho is based on "Annual Asian benchmark terms".
If I was to hazard a guess I would suggest based on current spot price and more to the point declining stockpiles, the spot price is going to remain higher than the annual asian benchmark (in the near future).
But why would CBH enter into such an agreement?
A few things:
- Security through having an extended guaranteed Buyer
- Soft Loan Facilities
- Shipping Rebates &
- Attractive Stockpile funding facilities.
Bottom line is, CBH is still in a highly attractive situation.
Not quite sure what your getting at with this Needle - can you...
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Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.067M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 97 | 1 |
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| Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
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