21 May 2021
Despite the improving sentiment on the Dalian Commodity Exchange, sources reported dull trading activities in the domestic spot ground.
In spite of the lower prices, the number of transactions on the auction platform remains subdued on the final trading day of the week.
20 May 2021
Given the duty and lead time advantage of the Thai cargoes, it is expected that other suppliers would fall under pressure to follow the price adjustment.
Sentiment is sluggish as Chinese players adopt a more cautious stance while waiting for clearer market direction.
Transactions on the Shenhua auction platform remain sluggish for the second trading day in a row, following the steep fall in the energy complex.
19 May 2021
The off-peak season coupled with the electricity shortage in Southern China that forces the manufacturing sector to reduce operating hours per week are expected to curb demand in the near term.
Demand in Malaysia has been dwindling due to the Ramadan holiday and the new COVID-19 restrictions that discourage converters from building inventories.
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