Summer doldrums took a firmer grip of the U.S. market this week. Although overall demand is deemed healthy, sources said it is not as robust as seen in months past. Meanwhile, supply availability is still generally tight, but this quiet spell is allowing producers to boost their inventories.
And the timing could not be better for this opportunity, as the threat of hurricane season is underway, players pointed out. Producers have about another month to beef up stocks before the period of greatest historic storm activity hits, the period between later August and early October.
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