02 Jun 2021
"Customers are not active enough because the market is in mid of the off-peak season. We expect the market to improve toward the end of the month," a trader commented.
Transactions on the Shenhua auction remain satisfactory for the second trading day in a row in spite of the higher prices.
01 Jun 2021
In contrast to the positive sentiment observed on the Dalian Commodity Exchange and the Shenhua Auction Platform, buying activities in the domestic spot market are sluggish.
Malaysia enters a total two-weeks lockdown order starting 1 June 2021 to curb the spread of COVID-19 infection, which dictates that only 60% of workers are allowed to present at the manufacturing site at a time.
Transactions on the Shenhua auction platform abruptly pick up on the second trading day of the week in spite of the higher price levels.
31 May 2021
Trading activities remain limited during the early trading hours of the week. Buyers are concerned about the COVID-19 conditions in Malaysia and Vietnam.
Sources said that most local producers are in mid of the month-end closing, therefore, not actively giving new offers.
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