- FOB China level improve- Crude futures strengthen





Trading sources said that there are no
cargoesb> /b>available from South Korea. Trading sources reported that there were no cargoes
available from South Korea. There was Southeast Asian demand, but as
prices moved closer to previous levels FOB China offered were heard
increasing again. Offers ranged between $980/mt and $1,000/mt. Trading
sources cited preliminary data on imports and exports for April 1-10. They
said that sellers and buyers moved together. Market
sources say that the country's imports from Japan were 14,530 mt and 5,974 from
Unv1, while cargoes for April were still being discussed around FOB Korea plus
$10-15/mt. remained low as players remained cautious. Indian
ex-tank Kandla levels were heard at Rupees 87-87.5/kg, while ex-tank Mumbai was
heard at Rupees 88.5-89/kg. Ex-tank trades were reported in a
mixed manner. Bulk transactions of 100...