04 Nov 2021
The domestic spot market in China resumed falling after a brief gain at the beginning of the week as coal supply improves visibly and the government introduces more measures to ensure a stable coal supply.
In spite of the little changes in deal prices, Chinese bidders show little interest in procuring additional homo-PP cargoes toward the end of the week
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.
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