Print

Dalian Commodity Exchange poses significantly weak trend throughout the morning session. Details on the spot and futures prices are shown in the following table:

Total inventories at Sinopec and CNPC’s warehouses reduced 15,000 tons from yesterday at 760,000 tons as on 25 October 2018.

Overall market sentiment this morning is weak whereby buyers are mostly on the wait and see, while sellers are stepping back on their offers by giving more discounts. However, some traders informed that for both import and domestic offers unable to achieve any deals this morning. Buyers are waiting to see if prices will move further lower.