11 Mar 2021
In fact, Chinese cargoes opened the week on a firm note but registered a $50-70/ton reduction a day later given the lack of purchasing interest.
There are very limited availability for non-dutiable cargoes amid the maintenance shutdown at a major Thailand plant. Buyers are closely monitoring the restarting progress among USA producers after the winter storm.
04 Mar 2021
The continuous price increment started to get to small-scale buyers in the local market because sellers are now requesting 100% cash in advance for all purchases.
Regardless of four price adjustments in a week from a major local producer, sentiment in the domestic market continues to improve thanks to the fact that manufacturers are returning to make replenishment after secured new PO for end products.
25 Feb 2021
Although several buyers are willing to convince end-product customers to place new PO at the latest prices, it is undeniable that resistance is building up, especially following news on softer deals for Chinese cargoes in the near-by Vietnam market.
There are some concerns among Indonesian buyers after a major Saudi Arabia producer informed that there might not be any allocations for March shipment to Indonesia due to the lack of cargoes and better demand elsewhere.
18 Feb 2021
Buyers here have shown better interest in Chinese cargoes, which are priced at more competitive levels than other origins at the moment.
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