07 Dec 2021
The market tends to focus more on the state of emergency declared by the Ningbo Zhenhai municipal government to contain the COVID-19 outbreak here.
06 Dec 2021
The reductions appear too minor to entice demand overseas, especially in Southeast Asia and even in South Asia, where prices have been deteriorating rapidly thanks to the aggressive South Korean suppliers.
Deal prices on the Shenhua auction platform fell sharply from the previous session, which gained healthy responses from the market.
Sources said that the persistently weak demand and the recent corrections in the import ground are attributed to the latest price reductions.
Several traders reported having achieved less than satisfactory sales results throughout the early trading hours, though hoping to lure buyers back to the market by opening to negotiations.
03 Dec 2021
Deal prices continue to decline on the Shenhua auction platform on the final trading day of the week
Trading sentiment in the domestic spot market remains steady as buyers continue to make small replenishment as prices softened.
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