Market Activity

Trading into the Indonesian market was reported in a wide range this week, $435 – 465 CIF with the bulk of trading at $450 and up. Last minute trading into China was reported $450 – 470 CIF ahead of the New Year holiday. Supply out of the NZ market is loosening up a bit just as the US sellers are seeing their markets tighten up.

Trading was quiet out of the Australian market ahead of the February tenders. A number of buyers and sellers were out for the…