there are many sources for the April call on LCE price rises but it’s actually SYAs own calls that are closer to home .
In terms of April it was the quarterly and or half yearly audits that called April as the month that prices would move the logic both internally and externally centres around end users of raw material destocking at these exceptionally low prices to be cash ready .
Then the buying would start at higher prices because as you can see the demand is infinitely more than last year which is also more than the year before and so on .
What SYA and others don’t elaborate on is that once restocking is complete the forward costs for end users are known and then appropriate pricing can relayed to the end users and so the cycle restarts .
Regards TT
SYA Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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