Do you know why China has the largest foreign reserve in the world? Answer: Because they keep making money. Do you think that Chinese companies will keep doing business if they keep losing money? Answer: No
Fact: China controls around 80 per cent of RE supply in the world. I only say 80 per cent. Some sources say 90 per cent. If a country has a monopoly position, price can be controlled up and down. Back to the above premise: Do you think that Chinese companies want to keep losing money when they have a monopoly power? Answer: No.
Predicted outcome: Chinese companies will use their monopoly position to increase RE price. Why? Answer: They want to make money. Please wait and see.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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5 | 21873 | 7.750 |
2 | 19149 | 7.740 |
2 | 17907 | 7.730 |
1 | 11495 | 7.720 |
Price($) | Vol. | No. |
---|---|---|
7.780 | 14225 | 2 |
7.800 | 10000 | 1 |
7.810 | 26200 | 2 |
7.820 | 5616 | 4 |
7.830 | 11725 | 2 |
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