Yuzhnyy and Tampa set to rise amid tight markets

摘要

The market gained further strength this week with rising CFR prices in Asia and talks at Tampa and Yuzhnyy that are expected to result in higher prices. The upward movement at Yuzhnyy is now in its fourth week and is showing signs of becoming a substantial rally. September tonnes from Yuzhnyy are almost fully committed. The sale by NF Trading of its final 10,000 mt available for the month is expected to push the spot price well above last week's deal at $520/mt FOB. With interest from several parties, the price could exceed current indications of interest of around $540/mt FOB Black Sea. Material for October delivery is being sought by several buyers. These include OCP and Yara who both require about 70,000 mt for the month.