China Morning Snapshot - 26 October 2018

Dalian Commodity Exchange opened with rebound trend however retreated toward the end of 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 5,000 tons from yesterday at 755,000 tons as on 26 October 2018.

Overall market sentiment this morning is considered to be slightly better than yesterday whereby sellers informed that buyers are still placing orders at market low end prices, while some are replenishing after holding purchases past few days. However, players are still on the low confidence level toward the outlook for the near term.