“Prices are being pulled from pillar to post at the moment, which is all a consequence of a tight market and will continue as long as demand is so strong and supply is struggling to keep up.”
“All these factors create apprehension in the market and reinforce the view that we're on a knife's edge in terms of supply and demand. The uncertainties heighten the risk premium applied to this market.”
“If high prices do continue much longer, they will certainly have a bite on GDP growth. At the moment, we are at the stage where prices are really driven by short-term factors that the market has been dealing with for the last few months.”
