hi sharemunger,
The very general view is there is a 6 month lag between DAP pricing and the flow on effect to RP pricing.
Violent movements either direction can of course compress this lag - but given we are already at a relatively high histroircal RP pricing level - thisis significant scope for RP pricing to trend much higher from here.
Hope this help.
hi sharemunger,The very general view is there is a 6 month lag...
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