And that's my argument. Global demand still increasing, yet Chinese spot prices going down. Supply and demand theory not working here. Me thinks we need another "ROW" spot price standard. Not saying the Chinese are manipulating the spot price, but there have been dramatic drop in prices, that I don't think reflects "global" production/shipping data. Perhaps they are.
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$10.07 |
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| Open | High | Low | Value | Volume |
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| LYC (ASX) Chart |