Big dose of reality, page-89

Funny way to do it, bashing your head against a brick wall, still I guess preferable to sticking it somewhere warm & dark like most here.

Chinese VAT RE is NOT refundable at export but ONLY by VAT permits issued to Big6 SOE's and ONLY when that RE is consumed in domestic production.

It is the mechanism China uses to maintain a two tier price structure to advantage domestic manufacture and attract ROW to relocate.

NTU 52% con is absolutely worthless to anyone other than those few that can separate & finish it to oxides. The SP would react accordingly.

Speculation is one thing, a gamble based on prices turning on trend and more than doubling while the underling mkt fades away is fatalistic.