14 Apr 2022
Chinese traders remain active on the Shenhua auction platform given the healthy price gap with Dalian Commodity Exchange, or even the spot market.
Trading sentiment might decline in the remainder of the week now that manufacturers have replenished the needed quantity.
13 Apr 2022
As expected, Chinese bidders immediately return to the Shenhua auction session after the government loosened lockdown measures in Shanghai.
As spot PP and PE prices inched higher, buyers started to slow down on replenishment activities. Some customers are turning to the Shenhua auction platform for more competitive coal-based cargoes.
12 Apr 2022
Such development further reiterates the fact that buyers are watching out for replenishment opportunities as prices go down.
The small reduction in the stock levels does not fully reflect the demand health because sellers are unable to deliver the sold cargoes amid the strict movement control.
11 Apr 2022
The number of transactions remains disappointing on the first trading day of the week, extending the sluggish sentiment from the previous session.
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