Good morning Franky,
Do you have s thought on potential for SP range today. Whilst we saw 7% IO increase in Spot, I am concerned the market may react differently to what I am thinking( a 5% plus increase in SP today?)
Last time IO futures went up 10% back in Feb, SP was down considerably. This was when the Chinese government stepped in to cool the futures market trading down.
I maybe comparing apples with oranges.
I am interested in your opinion,
Kind regards
Mjak
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