North America $287 per tonne Latin America $350 per tonne Europe $325 per tonne Asia/Pacific $325 per tonne __________________________________
$322 per tonne avg increase over last 3 months!
Month of March MOR had $3.2mil net income excluding environmental set asides. Going forward we should see a meaningful increase in top and bottom line. These price increase are sticking because as you pointed out the demand is ramping up. IMO, with cost of building a new plant very high and availability of capital not as robust should keep supply tight in relation to demand.
Time is running out on keeping share price contained.