Chile buys short

Import prices in Chile held steady last week: Brazil at US$ 6,100/t CFR for the 19 cut pack and Paraguay at US$ 6,300/t. “Purchases are very short because everyone expects higher prices for June–July shipments. No plant wants to lock in long,” a trader said. He reckoned Paraguayan prices could jump about US$ 300/t to around US$ 6,600 within a couple of weeks.