As moving average analysis highlighted in the previous article, prices for the respective Futures declined by more than 9% in the past 3 months. Previously in early March, moving averages for these Futures signalled either bearish or were already bearish in terms of price trends. Prices as of 1 June 2023 registered a US$130/mt decrease for SICOM, along with a US$177/mt and US$161/mt decrease for the respective SHFE and INE Futures. Moving averages analysis are all indicative of a bearish price t