11 Aug 2021
Trading sentiment strongly rebounded on the Shenhua auction platform by mid of the week, party supported by the revived energy complex.
10 Aug 2021
Traditional markets are only allowed to open half a day while shopping malls remain shut at the moment, leading to lower consumption.
Middle Eastern sellers prioritize European and Latin American markets more these days due to much better price levels than China.
Transactions are satisfactory on the Shenhua auction platform though prices have firmed up slightly from the previous session.
09 Aug 2021
It is undeniable that buyers have been making purchases as prices come down, however, the cautious stance pervades the entire market.
There have been reports that buyers prefer to buy cargoes with farther delivery schedules while asking for lower price levels.
09 Aug 2021 SPVC k67-68
Sources said that the strong buying appetite among Indian customers could encourage overseas sellers to implement up to a $100/ton hike on September loading cargoes to this market.
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