NWE PX dipped by $10/mt, as a late-week slump in upstream energy and market indications saw sentiment weaker. This followed bids from STASCO in the Platts Market On Close assessment window at $900/mt, FOB ARA, 1kt, August and $900/mt, CIF R’dam, 1kt, August, Monday. The bids were then raised to $925/mt without attracting an offer. A trader questioned the profitability of purchases at such a high range, however, saying, “$925/mt plus freight to anywhere does not seem saleable”. The rest of the week was quiet, with producers said to be running units only to fulfil contractual commitments, according to one source.
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