From what I've heard anecdotally the LME warehouse numbers mean jack squat to the Chinese. If there was any correlation then the price would be at an all time high, which it isn't. Good gains overnight on the spot price but i can't really gauge where it's going from here. It's been in the same range since July. Shipping announcement due very soon. My money is on this playing out favourably to all holders. GL to all.
Ann: Quarterly Activities and Cashflow Report, page-94
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