Runner Market Activity

Trading in the US market was done at $1.30 and $1.34 this week, pushing the rolling weekly average up to $1.25. Reports out of the EU were quiet this week in terms of document confirmed trades, but reports continue to come in of trading at higher values. Runners into China have been reported in a range of 85 – 100 RMB per 100 meters, which translates to $12.32 – 14.50 per 100 meters in US$. Breaking that down into 18 meters equates to $2.22 – 2.61. With that…