Next stop $6.50
11 Mar 2015
NZUs traded up to $6.25 yesterday on 30k, and it appears most sellers are passing-the-parcel, which suggests prices are going higher. OMFinancial reports:
We think the next stop is $6.50, given that major sellers remain absent and are likely to remain so, given a weaker Kiwi dollar supports the log price so they don’t need cash flow from selling carbon.
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