Loading ...Hi Wanka, copy that, thanks for the info. Agreed, shortage but is not showing up in the pricing.
Wanka, I think all prices are distorted coming from the margined emotional scared money futures markets. Opinions and hunches of what the price should be or will be, by people NOT involved in the physical supply or demand can’t be accurate. Especially with big banks/gov’ts special interests.
Production and consumption is probably boring and relatively stable. The crazy erratic prices on futures can’t be reflecting supply and demand. What they have going is like betting on the super bowl game, with the majority of “betters” getting the score they want, rather than the players determining the winning team.
The changing prices actually change the supply and demand, instead of the other way around. You can bet your ass the gov’t/banks are involved in currency (and other) futures prices for the global greater good.
I suspect in general, the actual suppliers, and actual buyers (like GM) agree on long term stable pricing of materials. And the margined short term players are actually being “abused” like a shock absorber.
They say 90% of them lose money all the time.