19 Aug 2020
The number of deals recorded in today’s auction session fall visibly compared to the previous day due to higher prices.
Chinese buyers are not as optimistic about the near-term outlook as expected and tend to very selective on which price level to accept.
18 Aug 2020
The development underlines the reviving demand in China following several weeks of decline.
Several other Middle Eastern suppliers have also claimed to have achieved satisfactory number of transactions at stable to $15/ton higher than the previous week.
Chinese bidders become more active on the second trading day of the week, procuring most cargoes at slightly higher price levels compared to the previous auction day.
It is reported that sentiment in the domestic spot market is rather healthy with a good number of deals observed throughout the first half of the trading day.
17 Aug 2020
The number of transactions is rather mediocre on the first trading day of the week although prices remain largely stable from the previous session.
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