18 Apr 2022
The Indonesian market is officially off from 28 April to 8 May; however, converters have been gradually winding down operations since the previous week claiming the lack of end-product orders.
Demand might return before the Labour Day holiday especially when the Chinese government is stepping up measures to stabilize the supply chain while might allow some businesses to resume operations.
15 Apr 2022
While most traders reported a weaker number of transactions, some are seeing the return of regular customers after prices dropped.
14 Apr 2022
Chinese traders remain active on the Shenhua auction platform given the healthy price gap with Dalian Commodity Exchange, or even the spot market.
Trading sentiment might decline in the remainder of the week now that manufacturers have replenished the needed quantity.
13 Apr 2022
As expected, Chinese bidders immediately return to the Shenhua auction session after the government loosened lockdown measures in Shanghai.
As spot PP and PE prices inched higher, buyers started to slow down on replenishment activities. Some customers are turning to the Shenhua auction platform for more competitive coal-based cargoes.
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