What’s your source for $1,300/t?
Also, SC6 movements lag spot carb movements by ~3-4 weeks typically. The same thing happened when prices bottomed in January. Carb bottomed first and rose first, well before SC6. This makes sense because price signals should first appear further down the supply chain before they come back up towards producers.
Carb is now 25% down from the recent high while SC6 has mostly been holding roughly flat.
Maybe SC6 will miraculously hold up at these levels but I highly doubt it. The questions becomes moreso - how long will prices remain suppressed. Personally I think $1k/t is more likely than not over the next month.
What’s your source for $1,300/t?Also, SC6 movements lag spot...
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