FTNX HOME
FTNX INDEX
PROCEDURES
PAYMENTS
DELIVERY MODES
 PRODUCT LIST
FTNX CONSULT
Contact Us
FTNX ADVICE
FTNX Download
e-mail me

 

FCI MONTHLY BUY PRICES 

COMMENCING: 1 FEB 2024: 90/120 Days : Non SPOT Revolving Deliveries 

Last sell  prices indicated 

USD$ MT FCA or FOB as relevant 

First Delivery Date : 15 June 2024.

DELIVERY DATES

FTNX SCO

JET

ULS D2

LNG

THERM COAL

WHT SUGAR

SOYBNS

CORN

COP CATHODE

ZINC

IRON ORE

ALUMIN

POTASH

CAUSTIC S

ETHANOL

UREA

FR CHICKEN

MARKET

 15  MAY  2024

$687.59

$733.58

$861.62

$1237.98

$151.89

$510.11

$456.25

$255.28

$8647.75

$2740.79

$156.74

$2337.93

$339.51

$355.74

$428.44

$433.84

$1651.08

22442 (UP)

 15  JUN  2024

$699.62

$746.42

$876.70

$1244.79

$114.89

$596.12

$426.57

$230.17

$8326.50

$2312.69

$146.35

$2161.46

$342.64

$368.20

$510.47

$387.95

$1635.31

22528 (UP)

 15  JUL   2024

$705.54

$757.52

$884.88

$1237.98

$111.00

$573.57

$440.46

$211.16

$9086.88

$2594.72

$128.18

$2221.31

$365.57

$366.35

$478.56

$394.06

$1949.31

24102 (UP)

 15  AUG  2024



















 15  SEP  2024



















 15  OCT  2024



















 15  NOV  2024



















 15  DEC  2024



















 15  JAN  2025



















 15  FEB  2025



















 15  MAR 2025



















 15  APR  2025



















 15  MAY  2025



















 15  JUN  2025



















 15  JUL   2025



















 15  AUG  2025



















 15  SEP  2025



















 15  OCT  2025



















 15  NOV  2025



















 15  DEC  2025



















 15  JAN   2026






































SOURCE

FTNX BLEND

*

*

N/A

CME

CEPEA

CEPEA

CEPEA

LME

LME

PLATTS

LME

N/A

N/A

CEPEA

N/A

CEPEA


………………….

………………….

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

…………………

  • MARKET:  FCI total board value indicator per unit over one month, when  compared to previous months delivery.A higher number means prices have risen.Lower number mean prices have fallen since previous month value.
  • SOURCE:  FTNX once per month on the 15th day of the month  or in the interim,  as per the manner stated–uses  reliable respected sources to obtain a base price for listed  FCI listed commodities. From the base price new prices are formulated as indicated on the FCI ; or the current price remains fixed (on each sealed contract) , if the mitigation factors are not in breach . 
  • FTNX Blend: WTI and BRENT average becomes FTNX Blend. When FTNX SCO Blend prices change, this one effect also changes  *Jet fuel ,  *D2 and related  future refined fuel  prices listed on the FCI. Refined products are tied directly to the price of FTNX SCO blend and not market conditions. 
  • Where no website  via SOURCE  (N/A) is apparent as a benchmark, price is subject to final negotiations with FTNX (the Seller) and  the End buyer.


FCI Operational Aspect

Above FCI defines the future  fixed  first delivery price FTNX will consider buying goods at, from an export supplier world wide today, for delivery at per current delivery date. The FTNX track prices daily and may change board prices in the interim however the official price payable to a supplier is the price taken on the 15th day of a delivery month - as further specified.  Once FTNX issues an OTP,  which the supplier has accepted, the first delivery price is fixed and cannot be changed. Payment there after are dictated by the factors used and market conditions apparent when prices are checked on the 15th day of each delivery month. The purple listed price is also the price  of goods being sold to end buyers by FTNX as per its delivery date.   


  1. Assumption: The supplier has lodged an AOS, MOU or Offer with FTNX valid for 6 months  or more at the price listed on the FCI; at a lower prices than listed or;  at a higher price than listed.
  2. Note if a higher price is offered, FTNX has  at its discretion the right not  to list the goods  on the FCI and consider the purchase privately. 
  3. Should the goods sell privately at a higher prices, the new price attained  is listed on the FCI as the standing benchmark. 
  4. The board is displaying the fixed first delivery price which cannot be changed once taken and applied on an OTP. 
  5. All other prices after the first delivery are subject to change as per factors offered and market conditions if a breach on  mitigation factors take place - as  described on the sales contract.  
  6. When FTNX is ready to make a purchase from the  secured supplier within the validity period  it will advise the supplier a full OFFER TO  PROCURE (OTP) via email as a PDF, for  the supplier  to formally consider on merit.
  7. The purchase  transaction cannot stop once the OTP is accepted ( legally binding) and must progress through the closing process until completed ( regardless if  failure  or success is recorded) 
  8. (A) Once a deal starts procedures are as follows: OTP, CONTRACT, DLC advised by FTNX, Supplier advises  P.G,  (B) Ship is loaded POL, Documents are produced, Supplier collects on DLC, Goods arrive at destination.Next delivery takes place, until final delivery as  per contract.
  9. Aspect (A) at Para: (4) above, has up to a 45 day window for completing this part of the transaction to which first delivery 30, 40 or 45  days later is the expectation; to arrive at the nearest 15th day of the month; defined as the  first delivery date 
  10. In effect the first delivery fixed  price basis is taken, in where such a price is payable  to the supplier  for first delivery occurring 90 up 120 days from then the OTP was advised .This is defined as 90/120 future  first delivery date price. 
  11. The contract shall formally apply actual delivery date(s).  All delivery dates   defined as being the 15th day of any given month in a revolving transaction where a price was taken from the FCI board  at 12.01 PM or before AEST
  12. Once the Supplier  collects on the first delivery fixed  price which cannot change once the OTP is signed, the supplier prepares the next delivery in consecutive manner from the first, as per contract, until the final revolving  delivery is finalised.
  13. As it applies to revolving shipment so does it apply to single shipment except for price. Single shipments  attract a higher price than listed on the FCI  monthly as the above FCI basis is  for revolving deliveries.
  14. The FORN  number on the main board is important. The applicable mitigation  factor is tied to the FORN number, as taken from the offer and applied on the  signed contract.
  15. Even though prices change monthly for new customers and clients;  the aspect of the  mitigation factors  remain constant and fixed as applied on the contract at such a time. A supplier is paid applying  the original  mitigation factors served.
  16. The supplier is paid a higher price or lower prices only if they mitigation factors held on contract  is in breach of the prices appearing on a current FCI board. 
  17. E.g: Supplier is paid the May price if the June price has not breached mitigation factors held on  the suppliers contract signed  in i.e:  February of the same year. If June price breached such mitigation factors , the next delivery price as listed on the FCI applies.   


END BUYER

  1. End buyer  taking possession of goods,  wanting to buy a FCI  listed product at the listed  (Purple  printed ) price  must lodge an in house form defined as the  ‘Buyer Inquiry Form ’(BIF)  via a PDF.
  2. The  end buyer must indicate in the text of the email what the PDF is about ,the email header must state ‘BIF for FTNX.’ If not correctly submitted the PDF will not be opened ( it will be rejected)
  3. If the BIF is ‘accepted’ for FTNX selling considerations, an offer will be advised by the seller FTNX within 3 days, to the end buyer as per the price appearing on the FCI.
  4. The offer will have all the relevant details about the transactions  for the end buyer to intently consider. The end buyer has 35 days to complete the purchase. If the BIF was not accepted, a reason will be advised.
  5. The offer  as issued by FTNX once accepted by the end buyer, legally binds the end buyer to perform.


USCT MEMBERS  2024 (ITS CERTIFIED) 

Only qualified ITS applicants who were certified by FTNX,  who are  registered USCT members of FTNX in 2024  are allowed to source goods  for the FCI on behalf of FTNX as an ISS in accordance the current TRIBE Rules of Association and FTNX DOT, at  their own discretion – on merit.  ( See: website: www.ftnexporting.com)  







|FTNX HOME| |FTNX INDEX| |PROCEDURES | |PAYMENTS| |DELIVERY MODES| | PRODUCT LIST| |FTNX CONSULT| |Contact Us| |FTNX ADVICE| |FTNX Download|