With production slipping and imports increasing, the market dynamics are continually changing.
The Zhengzhou spot month closed at CNY5,325 on Friday 19 March, compared with CNY5,283 on Friday 26 March. The decline in prices on New York #11 has helped the arbitrage for imports, however, it is still considered too small a differential to attract sizeable buying. Part of the decline in NY futures can be attributed
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