Believe it or not, prices are getting worse and not better, so...

Believe it or not, prices are getting worse and not better, so sentiment will likely do the same. Futures tanked hard this afternoon with the November contract now suggesting chemical prices are going no where except down or sideways for the rest of this year:

If SC6 spot prices move in proportion to their usual percentage of chemical pricing, this could put SC6 as low as $800/t.

$800/t would be pretty crazy pricing. There wouldn’t be a single Australian or Canadian mine profitable at those levels except for PLS I think? And even PLS would struggle at these prices.


if SC6 were to average $800/t for September quarter, this would equate to $693/t for SC5.2.

SYA surely goes into C&M at those levels and PLL would suffer enormously if SYA stops producing because they draw income from their percentage of JV sales at NAL.