have inventories peaked for now

I be thinking with the cyclical turn in inventory only way for PON is up to the next leg.Wont be a reoccurrance of the spike of '07 but something around us$17/lb will fill this sectors coffers.
I be thinking some insto shorting to squeeze the mkt before the punters catch on may have been happening.
Just remember with AGM and JBM disappearing from the scene, and OXR and ZFX merging, old money looking for a new home and some of that might find its way into my MCR and ors.
Even if its SMY and WSA that move first, MCR will be dragged up by them.
Just wait til CH starts to pump out the prodn.
Remember MCR is delivering NOW whilst the others are focused on reserves NOW.