Import activity in Brazil is picking up but there has been no surge in buying and nor is there likely to be in the near future. Buyers pick off what they need from the continuous stream of vessels offering tonnes from a wide variety of origins. This measured approach to the import season has meant that prices remain largely unchanged from last week, still in the range of $475-485/mt CFR, with some suggesting even lower numbers at $470/mt CFR and others quite clear that the market is well into the $480s/mt CFR.
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