11 Aug 2021
In spite of the firmer prices, buyers portray no sign of rushing to make additional replenishment, instead, withdraw to the sideline expecting sellers to step back on the offers
Trading sentiment strongly rebounded on the Shenhua auction platform by mid of the week, party supported by the revived energy complex.
10 Aug 2021
Traditional markets are only allowed to open half a day while shopping malls remain shut at the moment, leading to lower consumption.
Middle Eastern sellers prioritize European and Latin American markets more these days due to much better price levels than China.
Transactions are satisfactory on the Shenhua auction platform though prices have firmed up slightly from the previous session.
09 Aug 2021
It is undeniable that buyers have been making purchases as prices come down, however, the cautious stance pervades the entire market.
There have been reports that buyers prefer to buy cargoes with farther delivery schedules while asking for lower price levels.
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