Brazilian LQWs, with Indian 150ic absent from the market, are finding new homes. And we noticed that not only in west Africa but also in East Africa. As a result, the values for the Brazilian crystals improved on both buyer and seller sides: SEPTEMBER Bids at V+92/93 Vs Offers at V+95. OCT shipments reached BID V+94 Vs Offer V+97. And, full Q4 strip on the other hand prevails at V+90 OFFER 98/99.
Thai High pol found most of its liquidity and action for the Q1 23 shipment for which the spread was BID 93/95 OFFER 105/07 for std terms and 8-10 pts more for deep seas ports. Furthermore, Mar-May15 for next year had its Bids in the low 80s to the mid 80s range counter to Offers around 95 for thai standard terms. May-July15 on the other hand found itself quite far apart at K+125 Vs K+150 and July-Sep15 was mostly inactive with No Offers against the bids around +140/45 std terms.
Indians bulk raws sat idle at +195/200 pts over NY OCT with no counter bid for spot and DEC, JAN shipments at NY H23+105 with a bid now at H23+75. On the whites, refined from Mundra improved to +37$ as opposed to a Bid at +26 over LDN OCT22 and coarse grain Offers around 20/21 over from FOB JNPT for the spot. We noticed a growing interest in contracting forward shipment and for NOV/DEC we have Bid Z-8 Vs Offer Z+5.
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