The ICI 4 index for popular grade 4200 GAR has inched up slightly by $0.34/t w-o-w (last week rose by $2/t) and is currently assessed at $29.5/t, FoB basis. CFR India basis is assessed at $39-39.5/t, (eastern and western ports) for panamax vessel. In a confirmed deal, a 4200 GAR vessel (at sea) is bought by an end-user for $35/t CFR India (western port).
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