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Last week, international spot prices continued to show a downward trend. The market remained under pressure due to weak demand and oversupply concerns.
Solid FOB prices saw mixed performances across different regions. In Vancouver and the Middle East, prices stayed stable within the range of 55 to 65 USD. Iran also maintained its pricing at 50 to 60 USD. However, the Black Sea region experienced a sharp drop, with the lower end falling by as much as 25 USD, bringing it down to 40 USD.
On the CIF side, Brazil held steady at 92–95 USD, showing resilience in the face of broader market declines. India saw a slight decrease at the lower end, dropping 5 USD to 75 USD, while the upper end remained stable. North Africa maintained consistent pricing at 75–95 USD, similar to previous weeks. China’s CIF prices dipped slightly at the lower end, falling by 5 USD, but the upper end saw a small increase of 2 USD, indicating some local demand support.
Overall, the global market remains cautious, with traders closely monitoring supply chain developments and economic indicators that could influence future price movements.