In the earlier edition of the Futures Market Analysis article in early October, prices registered at least a US$400/mt decrease across the 12 contract months from March till September. Since then, there was no change in the direction of prices, continuing to move south over October and November. As of November, the price difference between the 12 contracts since March ranges from US$475/mt to US$498/mt, a reduction of about 27%.
What is covered in the Full Insight:
Introduction and Recent Trends
Price Movement Analysis
Physical Market vs Futures Market
Market Expectations and Economic Factors
Conclusion and Future Outlook
SUMMARY
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