Thursday, February 21, 2008


VCM markets have moved up to US$820/MT in the week of February 18, 2008 even as price negotiations have come to a standstill due to suspension of activities between sellers and buyers since the Chinese New Year holidays. Sellers kept their offers pegged at the level of US$850/MT CFR China level for February shipment. Most large players anticipate a hike in February prices at US$800/MT CFR CMP level.

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