The market has remained slightly under supplied. Global volumes from SAR have continued to develop but have been slightly in shortage (-10%/average). The Valencia arrivals have increased further but have remained far below the 2007 level at the same period (-50%). The Navel deliveries have been stable and 25% higher than last year. Moreover, Argentinean Valencia volumes have developed further and the 3000 t step has been overcome. Nevertheless, deliveries have been mainly focused on the Northern Europe. Some very limited Spanish Valencia volumes have remained on the market. Demand has remained at a seasonal level. In this context, Prices have been stable and firm for all the origins.