and I guess you could use 10 or 15% discount from spot price for future orders?....They might have contracted this first shipment at prices in the past?..I dont' know...but I believe its Spot - 10 or 15 % from here... http://www.mbironoreindex.com/Article/2757786/MBIO-Index-28-January-2011-183.76-tonne-Index-ticks-down-to-183.76.html imho mj