surprise because while the east coast rates up, $8,000 per container, on the west coast, asia to the west coast route, those rates are now down, and they are big. you were anticipating a $5,000 per container rate. now they re just a little bit over 3,000. and that s good news for the consumer because that means it s going to be less money being tacked on to our products over here. when you re looking at the reason why it s because of the lack of demand. msc, the largest ocean carrier in the world, they re actually cancelling vessels, going from asia to the united states because of the lack of demand, because of the lack of containers, and so also, looking across the pond with these ripple effects, it also impacts the supply chain, and you saw that today with tesla, where they re announcing that they have to shutter a plant because the components to make their cars are not there. and so when you re looking at
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Deciphering European aluminum premiums: balancing bullish sentiment and demand realities
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