BALRAMCHIN : A net position of about 1.25% of the capital

2023年12月20日

The stock price plummeted primarily due to the central government's ban on the use of sugarcane juice for ethanol production. However, I anticipated that this decision would be short-term, aimed at boosting sugar supply in the market and lowering sugar prices ahead of the upcoming election. I expected the government to eventually lift the ban, restoring normalcy. As expected, following discussions with sector officials, the government reversed its decision to prohibit the use of cane juice for ethanol production.

Consequently, I took two positions at different levels, totaling approximately 1.25% of the capital. Looking forward for a potential move of about 23% from the average price levels to the target levels. I will closely monitor statements from relevant officials and may consider increasing the position size in the near future. I will provide updates beneath this post if I choose to do so.

1月2日

注释

Added onto the positions at 384.95 for about 1.25% of the capital. With this entry the total allocation in this stock reached about 2.5% of the net capital.