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Saturday, April 14, 2007

Short supply in the market at the moment , arrivals stopped last month and withprices rising suddenly there was lot of buying ,prices have risen by almost 40% since the start of season and almost all stockiest made money which has given them enough liquidity strength to now hold on to whatever little stocks they are left with , so unless there is some drastic change we do not see the markets falling by much.
Currently the markets are quite , mostly due to lack of demand owing to the long Easter holidays , there is
however a Korean Tender of 4000 MT to be declared next week on 17th April , if India once again gets this we may see
another jump.

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