Another trader added, “Import prices have risen by around $10-20/ton and most sellers are standing firm on their prices for now. Demand is better when compared with the previous week as some buyers are beginning to stock up ahead of the holidays, although most deals continue to be done for small quantities.”
A distributor offering to the domestic market commented, “Local prices are up around CNY100-200/ton ($15-31/ton) as CNPC and Sinopec claim to be feeling free from inventory pressure. However, we are not seeing any major change in converters’ buying activity and we feel that more attractive prices will become available later in the month once some players begin to step away from the market for the holidays.”