20 Apr 2022
The producer has softened the deal prices slightly from the previous session, leaving a satisfactory gap with the Dalian Commodity Exchange.
Chinese customers remain indifferent about the softer prices on both the local and futures markets. Buyers continue to wait on the sideline for previously purchased cargoes to be delivered.
19 Apr 2022
Chinese buyers remain bullish on the second trading day of the week, willing to off-take coal-based cargoes from the Shenhua auction platform as the Dalian Commodity Exchange extended the firming trend.
In the meantime, it is important to note that a large of Vietnamese buyers remained cautious about the near-term outlook, hence, refraining from making large purchases.
The logistics bottleneck started to ease as sellers are now able to deliver the previously locked-up parcels.
18 Apr 2022
Chinese bidders returned to the market on the first trading day of the week after the futures market rebounded from the previous session.
A Taiwanese producer unexpectedly cuts May PVC shipment offers, shrugging off the rising upstream crude oil prices that were initially expected, together with the reduced allocations that would support firmer prices.
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