02 Jul 2021
Trading sentiment in the local market has shown a slight improvement from the previous day as more buyers decided to make additional purchases in anticipation of further increase ahead.
Chinese bidders remain enthusiastic about making purchases on Shenhua’s auction platform on the final trading day of the week.
01 Jul 2021
Customers actively hunt for the grade, especially cargoes priced below the $1150/ton threshold, expecting the current firming trend could last for weeks.
Trading activities in the domestic spot market hold stable with arbitrage traders are more active than other buyers in off-taking local cargoes.
Shenhua continues to allocate a small quantity of PP and PE cargoes for the auction session, which players attributed to the coal shortage in the country.
30 Jun 2021
Demand in Indonesia has been dwindling as the number of COVID-19 infection cases surpasses 20,000 per day that forced the government to implement strict lockdown at the capital city of Jakarta.
There have been reports that converters are getting year-end orders earlier than usual to tackle the logistic constraint.
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