01 Aug 2022
Key contracts on the Dalian Commodity Exchange traded sluggishly throughout the early trading hours after the National Bureau of Statistics released official data on the country’s manufacturing activities in July, which showed a contraction
28 Jul 2022
Toward the end of the month, the available quantities for auction reduce sharply, however, buying appetite remains healthy thanks to the support from the rising futures market.
Key contracts for September delivery concluded the morning session with sharp gains, reflecting the development across the global equity market. Risks appetite increase after the FED signalled a slowdown in interest rate hike moving forward
27 Jul 2022
The number of transactions on the Shenhua auction platform remains satisfactory by mid of the week, which coupled with the strong replenishment activities in the import ground, signals the recovery in demand.
Southeast Asian market participants remain concerned about the demand outlook in the third quarter of the year considering the bearish macro-economic outlook while the recurrent COVID-19-related lockdown in China ravages buyer confidence.
Chinese customers have been actively securing import PP and PE cargoes from the import market over the past several trading days, which are mostly scheduled to arrive between August and October.
26 Jul 2022
Trading sentiment on the Shenhua auction platform improved significantly on the second trading day of the week, reflecting the uptick in the general sentiment across the board.
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