date:Jul 13, 2015
tures trading on Thursday at 13.43 cents a pound, a premium of more than 10% to the spot October 2015 lot.
This is seen as reflecting ideas that supplies will be more restricted in 2015-16, Ms Ganes-Chase said.
However, March futures were not offering a bargain price to encourage consumption needed to reduce stocks.
Thai raw surplus
The comments come the day after commodities house EDF Man cautioned of further weakness in the spread between the October 2015 and March 2016 contracts, citing exten