While the pace of declines in delivered prices into Brazil has slowed in recent weeks, it is still unclear whether a floor has been reached. The granular market is now assessed at $295-305/mt CFR. The granular market is now assessed at $295-305/mt CFR, with the low end of the assessment dropping by $5/mt, although the price is marked as "indicative". Traders and producers have conceded that deals are likely to have been concluded as low as $295/mt, though no such deals have been confirmed. Market sentiment remains week.
展开▼
