The market is in a post-conference hiatus with both major buyers and sellers comfortable. Prices have not done anything and look stable with more upside likely than downside given Brazilian and Indian subcontinental demand coalescing. But upside is limited and most expect the market to peak early in Q3. Producers seem more keen on volume over price currently. The only anomaly is the low-priced US domestic market which has disconnected from global pricing, prompting the question of how much the market could import in 2H 2015.
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