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PP spot-futures basis to reduce with rising supply
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PP spot-futures basis to reduce with rising supply

Views:0     Author:Site Editor     Publish Time: 2019-12-19      Origin:Site

With more and more plants restarting recently, the liquidity of spot sources has been improved and the spot-futures (the Jan futures contract) basis has been narrowed down gradually. Even in East China, the firmest region, its regional price spread is expected to narrow after the restarts of Ningbo Fortune and probability of the basis narrowing in the late market is also increasing.



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