First signs of firming values noted

摘要

The first sign of firming prices predicted for March has emerged, although it has been confined to activity west of Suez. Values are expected to edge up gradually over the coming weeks in line with the traditional seasonal increase in demand. Floor values in Yuzhnny around $400/mt FOB noted in recent weeks have continued to tempt buyers such as OCP, Trammo and Koch to secure cargoes, and few volumes are now reported to be available outside contract commitments for March lifting. As such, suppliers are hopeful of securing up to $410/mt FOB for new deals.