19 July 2012 08:44 [Source: ICIS news]
The cargo, which will be loaded on 5-6 August, fetched a premium of $33.00/tonne (€27/tonne) to Middle East spot quotes on a free-on-board (FOB) basis, which is 18% higher than its last sale for end July loading at plus $28.00/tonne, the traders said.
“The higher premiums show that the market is rather bullish. This is also because of the strong demand for physical cargoes,” a Singapore-based trader said.
($1 = €0.82)
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