Week 50

Week 50

In Hainan, the price of materials increased by RMB 0.2/kg, now priced at RMB 10.4/kg. To secure more materials, several factories are offering an additional RMB 0.2/kg. However, material supply is limited, with large factories having supplies as low as about 25%. Guangdong is following this pricing trend, and the situation there is comparatively stable. Most factories have full orders before the Chinese New Year (CNY) and are in a rush to gather enough materials to complete these orders.

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