The LST/FEI arb continued its bearish trend, falling below -$200/mt amidst mounting pressure in US structure, with the physical being well offered. Last week, LST was the driver of arb movement, where the Apr/May spread has fallen from 4.5c/gal to 1.0c/gal since February 15, which has found a temporary floor at these levels. Warmer weather has subdued local demand, whilst a recent stock build has propelled further bearish sentiment…
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