With the news this morning there could be an escalation of trade sanctions with China.
1 Great that VUL are listing in Germany and that it is not dependent on the Chinese market.
2 The BMX platform, a transparent platform with anonymous bidders, is designed to create competitive tension.
The same platform for LNG, owned by the same company, did not go unnoticed by Chinese officials.
Since this tension is only with Chinese Customers I expect some tension coming back.
Using the PLS $$$ value for spod might be seen in a month or 2 as just a foolish moment in time.
VUL megathread, page-2926
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