August domestic market rebounded in some regions

Market participants recently said that due to weak demand and a large number of new supply of the market, since the end of April, China's spot price has fallen all the way, as of mid-July, fell more than 3,000 yuan / ton, a drop of 35%. ** main reason for early August in eastern China spot prices rebounded to 6,500 yuan -6700 yuan / ton (library price), up 1,000 yuan / ton than the price in mid-July, rising prices are speculators believe ** Has bottomed out, so Daxuan buys in the spot market. However, downstream users are still cautious, because it is expected that the market supply will be surplus, while downstream products will enter the seasonal low demand season.

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