lamp phase 2, page-20

PU, my recollection is that NC suggested China domestic & FOB would move closer together, not merge.
From current levels that would also suggest that domestic prices could rise closer to FOB pricing, given indications are that Chinese producers are around break even, Baotou shutdown.
Highly unlikely China will remove the tariffs, taxes & quota costs so the 50% FOB will most likely fall to about 30%.
With 80% of 4 of the 5 main demand segments inside China any pricing pressures from a pick up in industrial production will be felt there first.
No signs from Baotou or any of the other listed producers ATM.