18 Oct 2021
The crude oil market hits a multi-year high level on Monday, 18 October 2021 with Brent hit $85.6/barrel at 12.20 GMT.
15 Oct 2021
Chinese customers continue to shy away from making new purchases on the final trading day of the week, considering the lack of momentum on the Dalian Commodity Exchange
A segment of the market believed that the correction is necessary as the torrid gains have pushed manufacturers to the sidelines, unable to transfer the costs to end-product selling prices.
Stocks at Sinopec and CNPC’s warehouses pile up another 5,000 tons, marking the second consecutive session of rising inventory levels during a normal trading day.
14 Oct 2021
Transactions on the Shenhua auction platform remain weak, underlining the persistently weakening demand condition in this market
The accumulation in local inventories during a trading day highlighted the lack of buying interest.
13 Oct 2021
Dalian Commodity Exchange extended the weakening trend for the second straight session, shrugging off the deepening coal shortages and the robust export data for September.
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