High volatility in premium and currency: Algeria Extender is difficult to calculate

The Algeria-tender on Wednesday with a total of 475,000 tons operated as follows: 50,000 metric tons from Argentina at the price of $172 / to fob + freight, and 425,000 tons from the countries of France, United Kingdom, Sweden and Germany at a price of $201.5-202/to c & f.
Offers to do so came in yesterday at an unchanged MATIF course, higher premiums, as well as a significantly weaker euro exchange rate with $191 / to. As a result, less than $10 / to is left for the cargo. For, it will be difficult to find a provider.

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