The U.S. import market showed a shift last week. “We’re not seeing frantic demand or a price rally, but the market is more active, with more inquiries and interest,” summarized a regional trader. For Argentine product, bids have gone up to US$ 5,200/t CIF for 90 CL. “It’s interesting to see how round cuts have surged in the U.S. over the past two or three weeks. That opens a more positive outlook for when inventories run out,” he noted.
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