The raw materials price in Guangdong increased to RMB 10.3/kg, up from RMB 10.1/kg last week, while Hainan’s price remained at RMB 10.2/kg. There’s a general belief that material prices could range between RMB 10.4-10.6/kg if they continue to rise. However, the remaining capacity for processing factories is limited, which could impact the market dynamics.
