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    SEPTEMBER MINEFIELD.

    25 Aug 2022
    Since May, markets have entered a bearish trend. Hopes that Black Sea exports will accelerate, better than expected supplies and a pessimistic scenario for demand have helped to take prices down significantly. This negative trend remains intact but multiple risks remain, setting a floor to any further downside for now. We can thus compare our market to a minefield.  Multiple bullish mines can explode anytime, anywhere. We are entering the September of all dangers. One mine can change it all...

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