European spot prices steady and strong

According to reports, the settlement price of the August ** contract will be carried out later this week, and spot prices in Europe have shown signs of recovery, sources said on Monday. After the trading price was as low as $1,210/tonne CIF ARA (Amsterdam-Rotterdam-Antwerp) on July 17th, spot prices for August delivery have steadily risen, and prices on some transactions up to $1,270/ton on Friday, July 26th/ Ton. August morning spot prices started at $1,255-1,270/t CIF ARA, while September prices were slightly higher at $1,260-1,275/t. The July settlement price in Europe was US$1,274/tonne FOB Northwest Europe, equivalent to EUR 978/tonne.