I am not so sure that it will grow and match the level’s we have seen the last two years.. even with demand bought forward in 2010. Lower low’s and a lower highs says that sellers are exhausting at current price levels..

In the last two years.. rolling 3 month demand hasn’t even been close to supply levels.. but looks like its touching now..

if supply was being manipulated.. i don’t think they would wait far below the two year minimum..