BlockchainTalker
The news flow over the weekend was quite lively. Here are a few points worth noting:
Citi has given a copper price forecast, expecting it to keep rising until early next year, possibly reaching $13,000/ton in Q2. Hong Hao also recently spoke up, saying the RMB has a chance to break below 7 next year. If that happens, a revaluation of domestic assets could trigger a market rally. He personally expects the stock market to have over 20% upside. Moutai’s wholesale price is still bottoming out, and CSC Financial suggests keeping an eye on policy developments for cross-year opportunities. Spot price
View OriginalCiti has given a copper price forecast, expecting it to keep rising until early next year, possibly reaching $13,000/ton in Q2. Hong Hao also recently spoke up, saying the RMB has a chance to break below 7 next year. If that happens, a revaluation of domestic assets could trigger a market rally. He personally expects the stock market to have over 20% upside. Moutai’s wholesale price is still bottoming out, and CSC Financial suggests keeping an eye on policy developments for cross-year opportunities. Spot price
