I think they will easily hit 700k tonnes. So far this quarter,...

I think they will easily hit 700k tonnes.

So far this quarter, total shipments (including those scheduled for the remainder of this month) sum to 730k DWT. Based on last quarter's conversion ratio of 98%, this equates to 715k tonnes shipped. Given that there is still more than a week's production post the last scheduled shipment, total quarterly production of anything less than 700k would mean that they have had to substantially run down inventories.

Good chance that we will see the one of the best quarterly production reports on record.