29 Jan 2021
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
The first attempt to introduce the new price list bumped into stiff resistance from the market, from which a distributor quickly make adjustments.
28 Jan 2021
Transactions on the Shenhua auction platform remain healthy toward the end of the week even at slightly higher price levels.
The local inventories have hit a new low, which could prevent the market from any potentially large price reductions in the coming weeks.
In India, purchasing interest has been declining over the past week amid the arrival of previously purchased cargoes.
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