Increase In Chinese Demand This Year Failed To Provide Much Needed Boost To Market

Over the trading day on 5th July, most market participants signalled a quiet market with reduced activity. Sentiment on market prices continues to be poor, with some market participants even stating current conditions have been the worst in over 40 years. A major tyre manufacturer was said to have reduced bid prices, and market activity was perceived to be slower than 4th July. Aside from sentiment, prices were mostly heard to be in the same range as before, or even lower in some cases.