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QSL Weekly Market Update

Monday, 12 February 2018

It was a week where the Aussie dollar continued to crumble while sugar retreated back into the 13-14 c/lb range, resulting in little change to AUD/mt values.

Dubai sentiment seems to have been somewhat bearish with all current market-moving factors discussed, digested and ultimately not disagreed with. Market activity is stepping up as we approach the MAR18 expiry.

The MAR18/MAY18 spread moving inverse suggests that the spread may do more work than the flat price to shift the spec net-short position (i.e. they are rolling to MAY18 and holding their position, rather than buying it back).

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