low-sulfur CPC prices are likely to keep buoyant later this week

BAIINFO-CHINA, Domestic low-sulfur CPC transactions are good overall. Upstream GPC prices remain bullish, giving enough support to low-sulfur CPC market. Mid and high-sulfur CPC market stays tepid amid scarce deals. Downstream demand is hard to strengthen in short time.

With abundant support from cost end, low-sulfur CPC prices are likely to keep buoyant later this week. Affected by sluggish demand, mid and high-sulfur CPC prices are expected to oscillate at low level in near term.

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