1. Just 9 business days to ZFX interim results where ZFX will post another massive record profit.
2. Just 9 business days until we see Chinese buyers return on mass to market.
3. Short positions are peaking at 11,306,442 (short squeeze coming) they were 11,171,642 on 08.01 and 11,134,440 ann 26.01.
4. The Singapore inventory build has stalled. Was 20850 on 08.01, 29900 on 26.01 and today has actually fell 29500 after almst two weeks. The fact that LME prices are now 23% under mainland Chinese prices will only confirm this trend.
5. Gross stocks are down again. Even after absorbing massive Red Dog and Chinese exports through Dec and Jan, stocks have failed to build above 100,000t. Demand is still strong and getting stronger.
Be patient and keep acquiring. A trend reversal is imminent this week. You will be looking back saying $15-$17 was a good buy now when it hits $20 plus in two-six weeks.![]()
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1. Just 9 business days to ZFX interim results where ZFX will...
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