Prices fall as market slowdown continues

摘要

The slowdown in demand in China and India and the firmness in the freight market is having a increasing impact on fourth quarter price ideas.Quotes of low-US90's pt cfr in both China and India are equating to US67-70 pt fob Middle East for Chinese ports and high-US70's pt fob for Indian ports at today's freight rates.This compares with low/mid-US70's pt fob for Adnoc/Saudi Q4 contract tonnage for China,high-US70's pt fob Saudi for India and US81 pt fob Ruwais for October Adneo tonnes for India.