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Last week, international spot prices continued to experience a gradual decline. This trend was observed across multiple regions, with some markets showing more stability than others.
Solid FOB prices remained relatively stable in key areas such as Vancouver and the Middle East, where the range stayed between 55 and 65 USD. Iran also maintained a similar price range of 50 to 60 USD. However, the Black Sea region saw a more noticeable drop, with prices falling from the previous low end of 65 USD to 40 USD, marking a significant decrease of 25 USD.
On the CIF side, Brazil held steady with prices ranging from 92 to 95 USD, showing no major fluctuations. In India, the low end of the range dropped by 5 USD, bringing it down to 75 USD, while the upper end remained unchanged at 95 USD. North Africa also experienced stability, with prices remaining within the 75 to 95 USD range. Meanwhile, China's CIF prices saw a mixed performance—while the lower end dropped by 5 USD, the higher end increased slightly by 2 USD.
Overall, the market continues to show signs of adjustment, with some regions holding firm and others experiencing downward pressure. Traders are closely monitoring these trends to make informed decisions in the coming weeks.