FOB quote at Kandla decreased considerably from $1410 per tonne to $1395 per tonne during the week under review. It is likely to rule in the range of $1390 to $1400 in the month of February. Demand from China, EU, US and Japan is expected to remain weak till mid February. Major players would go for restricted buying until arrival gets its peak. We expect peak up in arrivals from Mid March
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