Brief: Midway Sees Some Midway Woodfibre Export Shipments May Be Deferred Into FY24

Midway

24/04/2023 02:29

April 24 (Reuters) - Midway  MWY.AX :
    * NOW EXPECTED THAT SOME MIDWAY WOODFIBRE EXPORT SHIPMENTS
MAY BE
DEFERRED INTO FY24
    * HEADLINE FOB EXPORT PRICE FOR E. GLOBULUS WOODFIBRE FROM
VICTORIA IN CY SETTLED WITH JAPANESE PULP MILLS AT $198.75 PER
BONE DRY METRIC TONNE
    * SECOND HALF FY23 EXPORT VOLUMES ARE EXPECTED TO BE
SLIGHTLY
LOWER THAN FIRST HALF EXPORT VOLUMES
    * SOME OF EXPECTED WOODFIBRE VOLUME FROM TIWI ISLANDS IS
UNLIKELY
TO BE SHIPPED THIS CALENDAR YEAR
    * SEES OVERALL, UNDERLYING EARNINGS FOR FY23 ARE STILL
EXPECTED TO
BE AN IMPROVEMENT
    * HEADLINE FOB PRICE FOR E. NITENS WOODFIBRE FROM TASMANIA
FOR
2023 CALENDAR YEAR AT US$189 PER BDMT - 15% INCREASE ON PRICE
DURING PCP

Source text for Eikon:  ID:nASX6JMYFQ 
Further company coverage:  MWY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))