RE:RE:SPOT MARKETThnx
The vast majority of us place part of our faith in a future rebound of the spot price and likely we beleive that the market is fair and transparent. Some doubt is cast.
Makes one wonder what data the Analyst community, when they make "violent" upside predictions, is actually analysing.
I'm guessing from the info people have provided in response to my original question that in excess of 40M lbs per year could be transacted on the spot market. (Trade tech indicated that in 2010 42.8M lbs changed hands at spot prices)
B2S2