Brazil Premium Rebuilds: C3–C5 Spread Back Above $21/mt

Brazil–China freight pulled away from West Australia–China for a second week. C3 Tubarao–Qingdao rose by $2.93/mt to $36.80/mt; C5 West Australia–Qingdao rose by only $0.78/mt to $14.88/mt. The spread was $21.92/mt, up $2.15/mt from $19.77/mt a week earlier and above its 52-week reference average of $19/mt.