The spot price of industrial wood pellets fob Vietnam plummeted as high stocks and weak demand in the key market of South Korea led to some traders seeking to offload pellets at relatively low prices. The fob Vietnam spot price for wood pellets fell by $6.03/t over the past week to $134.38/t as most independent power plants (IPPs) were still reported to have temporarily stopped buying spot cargoes, with sufficient stocks at South Korea's ports to supply around two months' consumption.
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