11 July 2012 10:01 [Source: ICIS news]
Offers for August shipments are up by $50/tonne at $920/tonne CFR (cost & freight) CMP (
Similarly, the producer’s August export offers to its deep-sea markets, such as the Middle East, are up by $50/tonne at $870/tonne FOB (free on board)
A quantity discount of $10/tonne is applicable for volumes of 500 tonnes, industry sources said.
Increased buying activity from customers who considered prices to have bottomed out in July is also a driving factor behind the hike in August offers, according to the source.
($1 = €0.83)
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