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I am going to revise, just heard some additional evidence, and...

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Zixio

525 Posts.

52

13/12/22

01:37

Post #: 65285623
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Originally posted by Zixio: ↑

A bit early yet on China reopening, they are going to need to go through the Covid / Omicron pain (or more) than the West / RoW did, countries that that had a program of vaccination. China refused to import Pfizer / BioNTech or other similar effective vaccine and it is reported their own developed vaccine is no-where near as effective - hence I say 'or more' pain, there is no escaping going through it whilst the population build up resistance to fighting Covid.

All of this is to say IO price on a China reopening is too early, but will certainly be a Q1 23' story into Q2 once they get through Winter imo.

[Even if TI1 don't supply China directly, it effects the spot price and the global volume demand].

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I am going to revise, just heard some additional evidence, and it might be a little before my time estimate above. The government their seem intent on powering through the reopening story, quantitative easing on the horizon and now likening Covid to the flu. How they deal with huge Covid numbers and reopening will be interesting if that is the right word.

TI1 Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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