Jul 05, 2025 6:48 a.m.

China Morning Snapshot - 06 November 2018

China Morning Snapshot - 06 November 2018

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After some gains in the previous trading day, Dalian Commodity Exchange fell into the red zone again in today’s morning session.

Details on the spot and futures prices are shown in the following table:

Total inventories at Sinopec and CNPC’s warehouses reduced 40,000 tons from yesterday to 795,000 tons as on 06 November 2018. (Correction: Inventories on 5 November as at 835,000 tons)

Sentiment in the domestic ground remains mediocre and buyers tend to replenish materials to meet the immediate need only. Cloudy medium-term outlook discourages players from committing to deep-sea cargoes with a buyer said, “We prefer to look at near-by parcels at the moment. The market is passing the peak manufacturing season and we would like to wait and see first.”