The game isn't over until OE and seeing who stands for delivery vs settling for a cash settlement.

If, in fact, it is China or some other large institution who wants physical and is not just gambling in a crooked back alley game, then the boyz will be in a world of hurt. They cannot deliver anywhere near the amount of physical it would take to cover their shorts.

Statistically there is never more than 5% of the contracts that ultimately get settled in physical. It is just a big gambling casino for most players. If china is really intent on taking delivery of physical, the s#*$ could be on its way to the oscilating air handler.