05 Mar 2024
Although new offers are softer, traders are cautious in adjusting their prices as relevant authorities including the Ministry of Trade and the Ministry of Industry have not signed any official Circular pertaining to the decision.
The 2405 for May 2024 delivery contract on Dalian Commodity Exchange on 05 March 2024 settled as follows:
Undeniably, the combined stocks of Sinopec and CNPC linger above 900,000 tons at the time of this report. In normal circumstances, this would indicate the intense inventory pressure
Trading sentiment on the Shenhua auction platform continues to decline in the second session of the week with coal-based LLDPE film cargoes achieving just 30% of transactions from the available quantity.
04 Mar 2024
Saudi Aramco has opened propane contract prices to Asia for March loading at unchanged levels compared to the previous month despite the supply tightness conditions.
The representative of the company, however, clarify that these are relatively minor pricing adjustments as they are not facing considerable sales pressure.
Market participants prefer to wait on the sidelines throughout the first half of the trading day amid the softness on the futures market.
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