Market divergence as Yuzhny producers capitalise on uncertainty in Inda

摘要

Throughout the week there has been news of additional sales emerging in India with the confirmed total purchased so far now standing at 670,0001,including up to 95,000t booked from Ameropa late this week.The breakdown by origin of the 670,000t with LOI's so far is not easily transparent and sellers also have prilled/granular options on most of the cargo sold.However,the anticipated breakdown is likely to see the following assuming that the spread between Yuzhny and China remains similar to today's levels.