this is LI futures in Chinese market, from early November it went from ¥170'000/t to ¥93'000/t today almost halved, judging by the comments in Chinese forum, it seems like every Tom Dick and Harry is taking short positions, I don't believe this is market manipulation, it is purely sentimental shifting, same as two years ago everyone was buying anything start with letters LI regardless the price
many of them believe it will drop below ¥80'000/t within few weeks if not days, mind you, Chinese market only allows 10% of price change everyday.
PS, green is down in Chinese market
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