Chinese mills have raised their export offer prices for debar to South East Asia up by $20/t to $550-560/t cfr, a $10-15 higher than last week.'s. This is the result of a stronger domestic market in China. However, demand is still weak in many part of East Asia because of rainy season. China sold their debar to Singapore with the prices of $530-535/t CFR, while Malaysian exported debar prices to Singapore has touched around $565-570/t delivered basis due to shorter delivery time and smaller lots is available.
www.isit.or.th, August 2, 2007