Loading ...with rumors of the demise of the Crimex and a pending March delivery default, it would be papered over into a nothing burger.
Shanghai has not let its foot off the gas though with their pm fix back above 100 to $101.09, up from $98.60 in the am fix.
The real comedy yesterday was the LBMA fix price down at $86.43. Where will they be forced to put the price in a few hours from now?
Regardless, you can bet it will be at least $10 or more lower than Shanghai. I don’t know how that gets reconciled if they can continue to “cash settle” their contracts.