RE: Bulk sample8 Feb 2019 14:36
Thanks Daz, however this is the spot prices and if you consider it in conjunction with the post from SorB on tuesday, where the miner is still securing 1st quarter contracts at 870usd/te, it is actually suggesting the price is due a significant rebound.... otherwise why would a refiner pay 200usd over the spot price now?
It means there is a reasonable chance that the price in the quarter will greatly exced this price and hence the refiner is hedging with this contract. Im happy to keep using 900usd .... and happy to keep smiling.