15 Dec 2020 SPVC k64-65 SPVC k67-68 SPVC (A) k67-68
A number of manufacturers in Eastern China have been ordered to shut down for ten (10) days starting 14 December as the region faces severe electricity supply shortage amid the extremely cold weather condition
15 Dec 2020
The situation eases substantially this week as Chinese suppliers actively offering discounts on prompt cargoes that attracted a good number of deals in Indonesia.
Purchasing activities on the auction platform once again dived drastically from the previous trading day although the concluded prices have been down visibly.
Sources are rather bearish about the near-term outlook citing the absence of major manufacturers in both the Northern and Eastern regions.
14 Dec 2020
Meanwhile, Vietnamese buyers are puzzled by the large location gap with Indonesia and the far LSD of 15 March 2020.
The reduction reflected the lack of purchasing interest, not only in Indonesia but also in other markets, especially in China.
The electricity shortage is further exacerbated by the coal shortage as demand for heat generator drastically increase during the winter time.
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