This is the fourth decline since the auction started four weeks ago but the range is narrowing.
Today the lowest bid was $40 and the highest was $85.
Last week the lowest bid was $30 and the highest $90.
The lowest bid accepted today was however $64.20 up from $55 last week.
A total of US$15.99 was allotted today up from U$13.6 last week. Total bids were US$18.72 million.
Some 289 bids were received but 59 were rejected.
Raw materials got the highest allocation of US$5.6 million followed by machinery and equipment with US$3 million.
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This post was last modified on July 14, 2020 5:39 pm
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