Refer my post about the introduction of lithium chemical futures in China...
https://hotcopper.com.au/posts/68951758/single
Anyone who has been involved in financial markets or has understood some of the shenanigans depicted in the movie "The Big Short" will understand that market participants can use correlated instruments that have a very thin market and hence, without investing a lot of risk capital create a false narrative. This is especially so when markets are already opaque as they are in China.
This is the scenario that I believe is being referred to in today's AFR article quoting Minres's view on why the real lithium chemical market pricing has suffered in recent months. Here is that article:
Regards
DF
ASX Today, page-33827
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