Typically a discount of between $10 and $15 per tonne, accounting for higher freight costs and shipping times from the Atlantic to China, has been the norm. Today it is more like $2 per tonne as market tightness, including closures at the Point Comfort
and Suralco refineries
, takes effect.
Some market sources say they will be willing to buy at parity when the time to buy comes.
Go back to last year and...