Just a further comment on the GBushes excessive sales spike and it's timing...one could well ask how that might have impacted (or perhaps more pointedly stated "helped") save the futures positions taken by speculators/hedge funds during a period of rising prices? It can be seen in graphs of spot prices that during the second quarter spot prices rose. Imagine how much more they would have risen had it not been for those crazy sales from GB inventories.
Were these sales designed to condition prices and save the hedge funds with maturing contracts? I don't know, but they certainly would have helped limit any spike. That to me provides a certain amount of credence to the complicity of Tianqi in trying to rig the market imo.
regards
DF
ASX Today, page-42442
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