31 Jul 2025
Downstream buyers, meanwhile, showed limited interest, opting to remain on the sidelines pending a clearer price direction for August.
Despite the price cuts, the adjustments have so far failed to reinvigorate buying interest, as market sentiment remains cautious on the back of rising domestic supply and expectations of a continued downtrend.
30 Jul 2025
The latest auction results underscore the prevailing demand divergence, with buyers showing little appetite for stockpiling ahead of August. Market sentiment softened further as buyers shifted into a wait-and-see mode.
Despite a cumulative inventory reduction of 7.4% over the past two sessions, concerns remain that both producers could enter August with above-average inventory levels.
29 Jul 2025
Buyers who had postponed purchases earlier in the week took the opportunity to replenish inventories, supporting a stronger sell-through rates.
The latest auction session on the Shandong Yulong platform saw a moderate improvement in sell-through rates, underpinned by gains on the Dalian Commodity Exchange.
Despite the marginal futures rebound, the domestic spot market showed little sign of revival.
Don't have an account? Register