Rough Market Comments – March 30, 2014

Global rough markets softens somewhat on the back of market expectations of a downward price adjustment. Notwithstanding this, prices achieved on tender continue to considerably outperform the overall market with elements of speculative bidding activity become more apparent. Expectations are for an ease in rough buying activity over the next few weeks as the heat comes off the market. There are some signs of improvement in polished markets on the back of a fair-to-moderate Hong Kong Show and better market sentiment.