From Gold ball sacks....
“Demand hasn’t really changed, [so] it takes lower prices to push and keep supply below demand to create a deficit,” said Jeffrey Currie, Goldman’s head of commodities research.
He added that any increase in raw material prices would prompt more supplies to enter the market, making it difficult for any advance to be sustained"
So if suppliers just re - enter the market when the price comes back up, where is the logic that we need low prices to rebalance the market? Seems like just another illogical statement from gold ball sacks to me
From Gold ball sacks.... “Demand hasn’t really changed, [so] it...
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$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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