@alexcobham - actually figure comes from d between Swiss export price & world price (x Zam to Sw export volume) - or have I misunderstood?
@alexcobham - what are reasons to think that Sw traders are charging anomalously high prices on bulk of trade that doesn't pass through?
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@alexcobham - and how did they do it without buyers and competitors noticing the huge margins? -
@MForstater exciting, isn't it! What assumptions to use in the face of opacity? E.g. Are hidden prices closer to mkt level than ones we see? - 1 more reply
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