01 Feb 2021
There are limited changes in terms of demand in Indonesian market and local traders here are offering well below the producer’s price list.
Buyers seem less interested in the cargoes after the Dalian Commodity Exchange slip this morning.
Sentiment in the local ground is soft during the early trading hours of the first trading day of the month.
29 Jan 2021
The first attempt to introduce the new price list bumped into stiff resistance from the market, from which the marker quickly make adjustments.
Chinese buyers believed that import arrivals within the first quarter of the year would be much smaller than usual due to the lack of purchasing activities in the previous month.
The auction quantity has fallen sharply compared to the previous trading day, which players partially attributed to the increased logistic constrains in the Northern area
Compared to the beginning of January 2021, the stocks have digested 34.8% to the historically low levels today
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