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GALAXY GOING DOWNSTREAM, page-54

  1. Wary1
    2,465 Posts.
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    30/05/19
    15:06
    Post #: 38827305
    I'm not entirely across why existing Chinese converters are sitting idle. Am I right in saying that existing inventories of spod are being run down (which I gather is one of the reasons the Chinese spot price has been low) and they can't afford to buy new feedstock because producers are selling to US, Japan, Korea and the like where they get a better price?
    GXY Price at posting: $1.57 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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