14 September 2012 04:02 [Source: ICIS news]
Offers rose to $1,150-1,160/tonne CFR (cost & freight) China Main Port (CMP) on Friday morning, compared with $1,115-1,120/tonne CFR CMP seen on 14 September.
Sporadic bids were heard at $1,040/tonne CFR CMP for bonded warehouse cargoes.
Bids were limited as most buyers were watching the market and have yet to decide to make commitments on the last working day of the week, market sources said.
Asia’s spot MEG prices were assessed at $1,112-1,115/tonne CFR CMP, a steep hike of $47-52/tonne week on week amid upbeat sentiment on the back of positive developments on the macroeconomic front.
($1 = €0.77)
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