yep, apparently following poor semiconductor sales and a manufacturing slow down in china as a result of trade war tensions. this has resulted inventory uptick.
we are still profitable by a margin of circa 7-8k a ton but its not the 60% it was.
still solid though.
it should bounce back as the price is dictated by the malayasian smelters which are unlikely to be profitable at these levels noting the more expensive raw material. but in the short term we need either aussie dollar to slide or the global tensions to ease... alternatively we need it to boil over into war. this trade war stuff helps no one.
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