High prices fail to deter buyers
Traders are stunned at how fast the prices for shine skin kernels are moving up. Nobody expected the sudden hike. Although prices are highly unattractive, newly released supplies were sold out withing minutes on Friday as it seems that buyers can simply not get enough. The raw material prices for shine skins in fact rose from RMB 16.30/kg to 19.0/kg within only three weeks.
Trouble is that speculators now hold such large volumes that they can determine prices at will. Last week, these speculators released 500 mt of raw s