Just as prices for prills appeared to be settling for a holiday slowdown, traders nervous about the purchase made by Fedcominvest (FCI) this week elected to get on the band- waggon and FSU prices rebounded to a degree. The outlook for prills was not rosy at all in the early part of the week, but FCI once again came to the rescue of producers wishing to sell forward positions. The trader moved way ahead of bids from other players in the low $360s/mt FOB Yuzhnyy and booked 40,000 mt Gorlovka product with NF Trading for January loading at $378/mt FOB. Other traders followed swiftly to cover open positions for prompt and forward loading, and numerous sales were concluded at around $375/mt FOB Yuzhnyy and in the mid-$360s/mt FOB from fast ice-free Baltic ports.
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