The domestic spot market mimics the upward movement in the import ground as offers from producers and distributors are moderately higher. Buyers responded indolently for the lack of end-product businesses gives them no reason to restock more cargoes.
In the domestic market, trading sentiment further deteriorated as part of the market has taken off for the Christmas and New Year holidays. Still, spot offers extended the firming trend on the back of the bullish expectations surrounding the China reopening.