Investors track ships, chase rumors to get edge on COVID-19 risks


As investors crunch numbers to determine how the coronavirus will hit China’s economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

The vessel carries some 750 tons of lead concentrate that Polachek, head of New York-based Commodity Asset Management, purchased in Greece to sell on the Chinese mainland.

The coronavirus outbreak has kept the ship idling off China’s coast for weeks, as movement restrictions and factory closures slow swathes of the world’s second-largest economy to a crawl.

Read more : National Post


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