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OMN catching a bid at 111.65 on what looks like short covering rather than fundamental repricing. The chemi…by @guppy_jse on $OMN

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GUPPY@guppy_jse·Neutral

OMN catching a bid at 111.65 on what looks like short covering rather than fundamental repricing. The chemicals play is still nursing weak margins and oversupply headwinds, so you need a meaningful phosphate recovery or cost restructuring to justify pushing higher from here.

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