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Wholesale markets dropped yesterday - 04-08-2021

Wholesale markets were down yesterday, mainly following concerns that the Delta variant is spreading across both the USA & China. China has managed to supress the spread of Covid very successfully, but the delta variant is now in 14 of the 32 provinces, and moving inland. Oil dropped over $3 on fears as a result.

Today we are seeing a recovery on that lost ground, but morning prices look set to be volatile, reacting to various inputs.