I asked this on the WR1 thread, but puzzled why the sector took another acute beating in Jan, when the price of spot carbonate in china, was already flat lined through early Dec.
Also, there is a good article posted there from PMT, suggesting that markets over reacting to a spot tied to china, when the chemicals trade in Japan / Korea is not as volatile. And suggests that supply chains to North America / Europe should mature to more like the Jap/ Kor. Hence why the dummy spat on volatile china pricing, which should affect those supply chains.
Both WR1 and BLZ would be supplying North American, or European markets.
Yet the whole sector is wacked with the china cactus.
https://hotcopper.com.au/posts/72123916/single
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I asked this on the WR1 thread, but puzzled why the sector took...
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