W320 Under Pressure As Higher Grades Stocks Pile Up

This entry was posted on Thursday, June 23rd, 2011 and is filed under Uncategorized.

Ten years ago, price of W320 came almost equal to the price of W240 during the Indian festival season and buyers were not at all interested in higher grades. This year seems to be moving in the same direction. Producers and wholesalers have now piled up higher grades but retailers are placing orders for lower and cheap grades. Although premium quality W320 is still in the bullish scenario, there is some pressure on the volume of trade because of doubts about higher grades. Some analysts worry that if sellers suddenly dump huge stocks of higher grades in the market, W320 buyers may also pullout and then W320 and lower grades will also collapse. But according to others, this year Ramzan month is in August;  Ramzan, Diwali and New Year consumption will decide the market.

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