Weekly Highlights
2009-08-10
Remember last monday ?
"2009-08-04
Market in Brazil today was extremely firm with enquiries poppin in and some trades done reported at 2,550 fob for ASTA."
Well, today Brazil sold reportedly BASTA to US at $ 2,960 pmt And US roported also purchase from Indonesia at $ 2,900 pmt FOB
Other price indications were reported as Vietnam 500 gl up tp $ 2,750 and 550gl up to $ 2,880. Brazil was asking $ 2,750 for B2 and $ 2,850 for B1 while India was said to reach the level of $ 3,300 for MG1. Non-stop breathless climb. Acording some american observers it seems that buyers are supporting this move upwards by purchasing even as quietly as possible some quantities needed for coverage. If this is true it might be considered that the pace is consolidated. For that purpose we publish a note today, about an European report.
Coming back to last monday: $ 400 pmt in one week ! - not a bad deal.
Sweet memories...
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