Brazil: Suppliers target $350/mt CFR by end of quarter

摘要

The low end of Brazilian gMOP quotes has increased $5/mt this week but the range remains at the relatively-weak level of $330-340/mt CFR. Most suppliers are now expected to increase their prices for June and July deliveries by $10-20/mt and hope that they can return to $345-350/mt CFR levels by the end of Q2.