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11 March 2019

On 11/3 there was a first nomination for the MEG ACP for April at $840/MT CFR China by MEGlobal. This is a $10/MT increase on the March nomination. We await the other two MEG ACP nominations for April.
Locally last week prices have been moving up slowly but the increase helped by the proposed VAT planned cut later this year was adversely affected by increases in coastal Chinese inventory.