Ucome: Local Market Has Been Dragged Down By Crude Prices

Ucome: Local market has been dragged down by crude prices. Most local producers are interested in exporting again. 

Prices dropped by Yn400-500/t last week and lower by Yn100-200/t this week.

 

Northern producers sell to domestic market lower to Yn5,800/t($840/t) with VAT. Prices are expected to drop further.

 

 Flexi offers are lower to $860-880/t fob, north China but bids down at around $830/t.


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