Yahoo Wednesday 8th May, 2013
SINGAPORE, May 8 (Reuters) - Asia cash premiums continued to be supported on concerns over tighter supplies in Asia in June, due to lower arbitrage flows from Europe and the Americas. Traders estimate that arbitrage arrivals from the West will likely come in at around 4 million tonnes, well below the monthly average to date at 4.75 million tonnes. Asia cash premiums for the benchmark 180-centistoke (cst) grade was pegged at $5.26 a tonne, about $1.42 over levels seen at the start of the month, while the differentials for 380-cst has risen about 62 cents to $3.92 a ton...
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Source: http://www.asiabulletin.com/index.php/sid/214367595/scat/bf053b50c46383e0
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