Trade Idea: Go Short in Jan/Feb Sing 0.5% Spread

This week, Onyx Research Analyst @Vincent Wu recommends going short in the Jan/Feb Sing 0.5% spread.

After supply tightness and Al-Zour refinery issues triggered a bullish reaction from the market, sentiment has flipped to bearish this morning with the news of Al-Zour returning to full operational capacity in a few days. This news has seen Jan/Feb already fall by $2; however, the December market is expected to remain tight. Vincent advises targeting $10/mt while setting a wide stop loss to protect against price swings and maximise bearish trend.