I agree - but i still can't reconcile why prices have come off so much. It can only be two things or a combination of both
1. There's some unaccounted supply coming from somewhere (perhaps Africa?)
2. They're drawing down excess inventories to bring the price down, and it's just a matter of time where they'll need to buy
It's baffling to be honest.
Good News & Bad News, page-33591
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