Amid gloomy demand overseas, market remained relatively stable for Vietnam. Reported small volume of buying activities for prompt needs from Asian buyers occurred over the week.
While other major importing countries who still are seen indecisive to take positions are reportedly on a sideline waiting for selling pressure to take place.
Muntok with a slight decline last week, it is seen stable today with its very limited supply owing to crop failure that export volumes are also hugely suffering.
Brazil stable to firm with active demand from Asian buyers. Q4 at its peak season, this origin is experiencing shortage for empty containers with some carriers rolling cargo due to high volume of shipments. Reported vessel utilization at a very healthy level (90-95%) prompting freight rates to be seen moving at an upward direction.
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