There was a nice little uptick in spot prices today. I'd expect this to continue throughout the year, given that Chinese NY is over, the little red envelope bonuses are over, and everyone is back to work. This means no more supply dumps to raise those ritual annual cash bonuses. Yes, it's a real thing, and the Chinese economy stops for about 6 weeks because of their NY celebrations!
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There was a nice little uptick in spot prices today. I'd expect...
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Open | High | Low | Value | Volume |
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2 | 165000 | 0.260 |
4 | 243905 | 0.255 |
7 | 159211 | 0.250 |
1 | 65000 | 0.245 |
Price($) | Vol. | No. |
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0.280 | 72076 | 2 |
0.285 | 152500 | 2 |
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