Current market ship owners want 60,000mt.
smaller and too much larger is not working for owners and is not expected to change til about 6 months. Some are even scrapping their vessels outside this size.
a mine needs to be able to have a 60,000mt qty reliably, or agree to pay shipping rate for this volume minimum (whether they have the volume or not), otherwise owners don’t engage unless the price is hikeed up massively.
how often can MRC supply 60,000mt? And how does that flow down to cash flow nevileb? Seems like they in a bit of tight spot
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