Panzhihua region, Sichuan Province (46%, exclusive of tax): 600-650 yuan/mt

Yunnan Province (46%): 750-800 yuan/mt

 

Market Forecast:

Focusing on destocking and cutting costs, leading manufacturers have started full production while most small enterprises have stopped production. Though most manufacturers are unwilling to sell at low prices considering middlings’ high producing costs, current market demands are unfavorable and the prices are not likely to grow in the short term.