bullish
Helixtap China Report: Spread Between INE And International Prices Narrows; Inventory Still Dampener
6 Views09 Jan 2024 16:04
The appreciation in the Chinese Yuan against the U.S. dollar narrowed the gap between INE and international prices despite the elevated levels of the overseas cargoes. Nonetheless, due to increased inventory levels the rate of physical cargo influx has slowed.
What is covered in the Full Insight:
- Impact of Yuan Appreciation
- Inventory Levels and Demand
- November Import and Export Data
- Primary Origins of TSR Imports
- Future Outlook and Domestic Challenges
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