04 Nov 2021
Demand in Indonesia has been softening throughout the week, forcing local suppliers to reduce offers several times in a span of a few days.
The domestic spot market attempted to limit the extent of reductions claiming manageable inventory levels, however, transactions are thin.
03 Nov 2021
Such development signals the market sensitivity and the fact that buyers are always in the ready position to make purchases at the first sign of a overturn.
In the meantime, Indonesian customers might not purchase beyond the immediate needs amid the rapid price deterioration in the nearby China market that pushes Chinese sellers to aggressively slash export offers.
Traders informed of mediocre demand from converters even at stable price levels day-on-day.
02 Nov 2021
Trading sentiment on the Shenhua Auction Platform dropped slightly from the previous day but remain above average.
Buyers tend to purchase hand-to-mouth basis although end-product businesses hold largely stable, in expectations of further price reductions ahead.
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