China Morning Snapshot - 30 October 2018

Dalian Commodity Exchange poses extended 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 50,000 tons from yesterday at 765,000 tons as on 30 October 2018.

Market sentiment is comparatively slower than yesterday whereby some of the distributors were being required to fulfill the sales target of the month since yesterday, however continuous slower market atmosphere is pressuring domestic makers to stepped back further on their offers today. Players are expecting for softer outlook for beginning of November.