The fall in spot price over the past 12 months, particularly the last 6 months under $80 is going to further delay development FID decisions for new supply to enter the market over the next 3-5 years. All I see is the supply deficit worsening. Every month the spot trades below $80 is another month new supply is delayed by and shortages are pushed out by as demand grows. Can see U trading at $200+ by 2027
SLX Price at posting:
$5.20 Sentiment: Hold Disclosure: Held
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