BCI charts today, page-2

RBR,

excuse me please for probably asking a question that every one knows the answer here but :

Why would someone shorten BCI when it is unlikely that the IO price and the sp go back to their lowest level ?

Like the oil price it is unsustainable even for the biggest players to have a commodity price close to break even when they could make more money ( that they urgently need ) and the attempt to push all smaller players out of business failed. I am not an expert but over time the IO price will go back to a higher level, as new projects have been postponed or won't get finance and as the world population and world income grows especially in India and Africa.

Of course I could be totally wrong but with the sp still at about 10 % or 90 % down on the highs from Feb 2014 I can't see the shorten makes much sense.