IN CLEAR VIEW /IN PLAIN SIGHT. . .could be a sign the global economy is facing some trouble | @Barchart

 Some comments: 

Jai.fuel Tabi 

@Jaimenonsg

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12h

Whut … How can contango spell trouble ?

Lex◇investor

@Inves2grow

Why would a higher futures price over spot (contango) spell trouble for the economy? Seems it reflects an expectation of higher demand(?) Help me out here.

9:30 PM · Mar 30, 2024

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Barchart

@Barchart

Traders are betting some copper smelters will have to slow and/or stop production which will reduce supplies. This is less about demand and more about lower production impacting the supply chain.

Barchart

@Barchart

Copper hits most extreme level of contango in 30 years which could be a sign the global economy is facing some trouble

9:02 PM · Mar 30, 2024

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