After averaging 463 dollars/lt in January, the index has remained in the range of 443-444 dollars/lt for the prior four weeks, moving up or down in only 1 dollars increments. As previously reported, early March bookings by US mills of obsolete and shredded grades had been settled at February levels. “Market direction is still unclear as we move further into March,” TSI noted. TSI, is a separate price-specialist unit owned by Platts.
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