IMO we are getting close to the bottom. The general consensus is that the market is oversupplied for the rest of the year. The thing that not everyone is considering, is by how much (or how little) From my research its somewhere between 50-75kt... As prices slide lower and lower this puts more and more pressure on producers to pull up production.
Its so interesting because i see it as a case of 'whoever blinks first'... lower prices essentially mean less supply as projects scale back or shut down..
The Merger ensures that we can outlast competitors so when prices reverse... there is HUGE and immediate upside and 2.5c will be the least of your worries
@JackMamba
(20min delay)